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. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2025 For annual statement - see Press Release
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 3/31/25 <-estimates https://www.annualreports.com/Company/tfi-international-inc
TFI International Inc TSX: TFII NYSE TFII https://tfiintl.com/en/ Fiscal Yr: Dec 31 Google to get earlier reports and also use Transforce, the old company name.
Year 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 12/31/26 12/31/27 Value Description #Y Item Total G Curr
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS
USD - CDN$ 0.9949 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.4389 1.4428 1.4428 1.4428 2.07% <-IRR #YR-> 5 USD - CDN$
Change -2.17% 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -2.35% 8.79% 0.27% 0.00% 0.00% 2.18% <-IRR #YR-> 10 USD - CDN$
Chges in Reporting  <--CDN$ US$-->
$8,605 <-12 mths 2.48%
Revenue $7,357 $6,417 $7,305
Fuel Surcharge $1,455 $1,104 $1,092
Revenue* US$ $3,156.4 $2,923.7 $3,202.0 $2,910.2 $2,997.8 $3,779.2 $3,755.5 $3,987.4 $3,781.1 $7,220 $8,812 $7,521 $8,397 $8,630 $9,108 $9,523 162.24% <-Total Growth 10 Revenue US$
Increase 19.31% -7.37% 9.52% -9.11% 3.01% 26.06% -0.63% 6.18% -5.17% 90.96% 22.05% -14.65% 11.64% 2.78% 5.54% 4.56% 10.12% <-IRR #YR-> 10 Revenue 162.24% US$
5 year Running Average $2,285.3 $2,500.6 $2,788.1 $2,967.6 $3,038.0 $3,162.6 $3,329.0 $3,486.0 $3,660.2 $4,505 $5,511 $6,265 $7,146 $8,116 $8,494 $8,636 16.06% <-IRR #YR-> 5 Revenue 110.58% US$
Revenue per Share $34.02 $31.30 $31.29 $29.81 $32.74 $42.40 $43.47 $48.96 $40.48 $78.35 $101.83 $89.07 $99.48 $102.24 $107.90 $112.82 9.87% <-IRR #YR-> 10 5 yr Running Average 156.32% US$
Increase 22.90% -8.00% -0.03% -4.75% 9.83% 29.53% 2.51% 12.63% -17.30% 93.54% 29.97% -12.53% 11.69% 2.78% 5.54% 4.56% 15.44% <-IRR #YR-> 5 5 yr Running Average 105.00% US$
5 year Running Average $24.53 $26.53 $29.08 $30.82 $31.83 $33.51 $35.94 $39.47 $41.61 $50.73 $62.62 $71.74 $81.84 $94.19 $100.10 $102.30 12.26% <-IRR #YR-> 10 Revenue per Share 217.89% US$
P/S (Price/Sales) Med 0.49 0.68 0.74 0.69 0.62 0.55 0.68 0.61 0.87 1.09 0.91 1.33 1.47 1.15 0.00 0.00 15.24% <-IRR #YR-> 5 Revenue per Share 103.20% US$
P/S (Price/Sales) Close 0.59 0.76 0.82 0.58 0.80 0.59 0.60 0.69 1.27 1.43 0.98 1.53 1.36 0.82 0.77 0.74 10.90% <-IRR #YR-> 10 5 yr Running Average 181.40% US$
*Revenue in M CDN $ (including Fuel Surcharge) P/S Med 20 yr  0.68 15 yr  0.68 10 yr  0.78 5 yr  1.09 4.35% Diff M/C 15.70% <-IRR #YR-> 5 5 yr Running Average 107.33% US$
-$3,202.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $8,396.8
-$3,987.4 $0.0 $0.0 $0.0 $0.0 $8,396.8
-$2,788.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7,146.4
-$3,486.0 $0.0 $0.0 $0.0 $0.0 $7,146.4
-$31.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $99.48
-$48.96 $0.00 $0.00 $0.00 $0.00 $99.48
$12,415 <-12 mths 2.75%
Revenue*CDN$ $3,140.3 $3,109.6 $3,714.7 $4,029.9 $4,025.2 $4,741.0 $5,123.2 $5,178.9 $4,814.1 $9,154.1 $11,935.6 $9,947.5 $12,082.2 $12,451 $13,141 $13,740 225.26% <-Total Growth 10 Revenue CDN$
Increase 16.72% -0.97% 19.46% 8.49% -0.12% 17.78% 8.06% 1.09% -7.04% 90.15% 30.39% -16.66% 21.46% 3.06% 5.54% 4.56% 12.52% <-IRR #YR-> 10 Revenue 225.26% CDN$
5 year Running Average $2,388.3 $2,557.8 $2,931.4 $3,337.0 $3,603.9 $3,924.1 $4,326.8 $4,619.6 $4,776.5 $5,802.3 $7,241.2 $8,206.0 $9,586.7 $11,114 $11,912 $12,272 18.46% <-IRR #YR-> 5 Revenue 133.30% CDN$
Revenue per Share $33.85 $33.29 $36.30 $41.28 $43.96 $53.20 $59.30 $63.58 $51.54 $99.34 $137.92 $117.80 $143.14 $147.51 $155.68 $162.78 12.58% <-IRR #YR-> 10 5 yr Running Average 227.03% CDN$
Increase 20.23% -1.65% 9.04% 13.70% 6.49% 21.02% 11.47% 7.23% -18.93% 92.72% 38.84% -14.59% 21.51% 3.06% 5.54% 4.56% 15.72% <-IRR #YR-> 5 5 yr Running Average 107.52% CDN$
5 year Running Average $25.69 $27.14 $30.52 $34.58 $37.74 $41.60 $46.81 $52.26 $54.32 $65.39 $82.34 $94.04 $109.95 $129.14 $140.41 $145.38 14.70% <-IRR #YR-> 10 Revenue per Share 294.29% CDN$
P/S (Price/Sales) Med 0.49 0.68 0.73 0.64 0.63 0.59 0.66 0.62 0.91 1.07 0.88 1.37 1.38 1.08 0.00 0.00 17.62% <-IRR #YR-> 5 Revenue per Share 125.12% CDN$
P/S (Price/Sales) Close 0.59 0.76 0.82 0.57 0.80 0.62 0.60 0.69 1.27 1.43 0.98 1.53 1.36 0.81 0.77 0.74 13.67% <-IRR #YR-> 10 5 yr Running Average 260.24% CDN$
*Revenue in M CDN $ (including Fuel Surcharge) P/S Med 20 yr  0.65 15 yr  0.66 10 yr  0.77 5 yr  1.07 5.82% Diff M/C 16.04% <-IRR #YR-> 5 5 yr Running Average 110.38% CDN$
-$3,714.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $12,082.2
-$5,178.9 $0.0 $0.0 $0.0 $0.0 $12,082.2
-$2,931.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $9,586.7
-$4,619.6 $0.0 $0.0 $0.0 $0.0 $9,586.7
-$36.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $143.14
-$63.58 $0.00 $0.00 $0.00 $0.00 $143.14
$5.65 <-12 mths -2.42%
Adjusted Net Income US$ $155.0 $166.4 $100.2 $105.2 $139.6 $153.5 $235.8 $259.0 $299.8 $498.3 $731.7 $538.3 $489.5 -1.76% <-Total Growth 10 Adjusted Net Income US$
Return on Equity ROE 21.20% 22.38% 11.29% 14.18% 12.85% 13.61% 20.40% 22.34% 16.74% 22.44% 29.71% 20.77% 18.31% 19.35% <-Median-> 10 Return on Equity ROE US$
5Yr Median 19.66% 19.66% 19.66% 14.18% 13.61% 13.61% 14.18% 16.74% 20.40% 22.34% 22.34% 20.77% 18.20% <-Median-> 10 5Yr Median US$
Adjusted Earnings Basic Calc $1.64 $1.80 $1.01 $1.05 $1.49 $1.70 $2.68 $3.11 $3.36 $5.35 $8.19 $6.27 $5.79 Adjusted Earnings Basic US$
Adjusted Earnings Diluted Calc $1.44 $1.77 $0.99 $1.03 $1.46 $1.65 $2.60 $3.03 $3.30 $5.23 $8.02 $6.18 $5.74 Adjusted Earnings Basic  US$
Adjusted Earnings Basic  $1.64 $1.03 $1.33 $1.05 $1.55 $1.70 $2.68 $3.11 $3.36 $5.35 $8.19 $6.27 $5.79 8.12% <-Total Growth 10 Adjusted Earnings Diluted US$
Adjusted Earnings Diluted $1.56 $1.02 $1.30 $1.03 $1.46 $1.66 $2.59 $3.03 $3.30 $5.23 $8.02 $6.18 $5.75 $6.11 $7.89 $8.44 9.94% <-Total Growth 10 Adj Earnings Diluted US$
Increase 49.47% -34.82% 28.18% -20.66% 41.35% 13.58% 56.51% 16.90% 8.78% 58.48% 53.35% -22.94% -6.96% 6.26% 29.13% 6.97% 16.02% <-IRR #YR-> 10 Earnings per Share 341.76% US$
Earnings Yield 7.79% 4.29% 5.09% 5.99% 5.58% 6.66% 10.01% 8.98% 6.40% 4.67% 8.00% 4.54% 4.26% 7.32% 9.45% 10.11% 13.64% <-IRR #YR-> 5 Earnings per Share 89.55% US$
5 year Running Average $1.01 $1.06 $1.20 $1.19 $1.27 $1.29 $1.61 $1.96 $2.41 $3.16 $4.44 $5.15 $5.70 $6.26 $6.79 $6.87 9.38% <-IRR #YR-> 10 5 yr Running Average 375.22% US$
Payout Ratio 31.61% 48.15% 38.41% 47.55% 34.69% 36.54% 23.73% 24.37% 24.75% 17.57% 13.47% 22.65% 27.83% 29.46% 22.81% 21.33% 23.84% <-IRR #YR-> 5 5 yr Running Average 191.24% US$
5 year Running Average 51.88% 43.85% 39.22% 41.26% 40.08% 41.07% 36.18% 33.38% 28.82% 25.39% 20.78% 20.56% 21.25% 22.19% 23.24% 24.82% 31.10% <-Median-> 10 Payout 5 yr Running Average US$
Price/AEPS Median 10.75 20.83 17.80 20.03 13.80 14.15 11.46 9.88 10.69 16.39 11.51 19.18 25.36 19.22 0.00 0.00 13.97 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High 12.84 23.30 19.78 23.83 18.18 16.40 13.70 11.21 16.20 22.98 13.92 22.25 28.01 22.93 0.00 0.00 17.29 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low 8.67 18.36 15.83 16.22 9.42 11.90 9.23 8.54 5.18 9.80 9.10 16.11 22.71 15.50 0.00 0.00 9.61 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close 12.84 23.30 19.64 16.70 17.91 15.01 9.99 11.14 15.63 21.44 12.50 22.00 23.49 13.66 10.58 9.89 16.17 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close 19.19 15.19 25.18 13.25 25.32 17.04 15.64 13.03 17.00 33.97 19.17 16.96 21.86 14.52 13.66 10.58 17.02 <-Median-> 10 Trailing P/AEPS Close US$
* fr2009 Adj ESP Bef Impair., Fr 2015 continuing op DPR 10 Yrs 24.56% 5 Yrs   22.65% P/CF 5 Yrs   in order 16.39 22.25 9.80 21.44 -16.62% Diff M/C -2.22% Diff M/C 10 * fr2009 Adj ESP Before Impairment, Fr 2015 continuing operations.
$8.15 <-12 mths -1.48%
Adjusted Net Income CDN$ $154.20 $177.00 $116.20 $145.7 $187.4 $192.6 $321.6 $336.4 $381.7 $631.7 $991.0 $712.0 $704.4 11.50% <-Total Growth 10 Adjusted Net Income CDN$
Return on Equity ROE 21.20% 22.38% 11.29% 14.18% 12.85% 13.61% 20.40% 22.34% 16.74% 22.44% 29.71% 20.77% 18.31% 19.35% <-Median-> 10 Return on Equity ROE
5Yr Median 19.66% 19.66% 19.66% 14.18% 13.61% 13.61% 14.18% 16.74% 20.40% 22.34% 22.34% 20.77% 18.20% <-Median-> 10 5Yr Median
Adjusted Earnings Basic Calc $1.63 $1.91 $1.17 $1.45 $2.00 $2.13 $3.66 $4.03 $4.28 $6.79 $11.09 $8.29 $8.33 Adjusted Earnings Basic CDN$
Adjusted Earnings Diluted Calc $1.43 $1.88 $1.15 $1.43 $1.96 $2.08 $3.54 $3.94 $4.20 $6.63 $10.86 $8.18 $8.26 Adjusted Earnings Diluted CDN$
Adjusted Earnings Basic $1.63 $1.10 $1.54 $1.45 $2.08 $2.13 $3.66 $4.03 $4.28 $6.79 $11.09 $8.29 $8.33 22.71% <-Total Growth 10 Adjusted Earnings Basic Continuing  CDN$
Adjusted Earnings Diluted $1.55 $1.08 $1.51 $1.43 $1.96 $2.08 $3.54 $3.94 $4.20 $6.63 $10.86 $8.17 $8.27 $8.82 $11.38 $12.18 24.78% <-Total Growth 10 Adj Earnings Diluted CDN$
Increase 46.23% -30.32% 39.81% -5.30% 37.06% 6.12% 70.19% 11.30% 6.64% 57.81% 63.82% -24.75% 1.22% 6.55% 29.13% 6.97% 18.54% <-IRR #YR-> 10 Earnings per Share 447.93% CDN$
Earnings Yield 7.80% 4.28% 5.10% 6.06% 5.60% 6.33% 10.03% 8.93% 6.41% 4.67% 8.01% 4.53% 4.26% 7.36% 9.50% 10.17% 16.00% <-IRR #YR-> 5 Earnings per Share 109.99% CDN$
5 year Running Average $1.05 $1.08 $1.25 $1.33 $1.51 $1.61 $2.10 $2.59 $3.14 $4.08 $5.83 $6.76 $7.63 $8.55 $9.50 $9.76 11.25% <-IRR #YR-> 10 5 yr Running Average 508.32% CDN$
Payout Ratio 31.61% 48.15% 38.41% 47.55% 34.69% 36.54% 23.73% 24.37% 24.75% 17.57% 13.47% 22.65% 27.83% 29.46% 22.81% 21.33% 24.12% <-IRR #YR-> 5 5 yr Running Average 194.53% CDN$
5 year Running Average 51.88% 43.85% 39.22% 41.26% 40.08% 41.07% 36.18% 33.38% 28.82% 25.39% 20.78% 20.56% 21.25% 22.19% 23.24% 24.82% 31.10% <-Median-> 10 Payout 5 yr Running Average CDN$
Price/AEPS Median 10.79 20.81 17.47 18.45 14.03 15.03 11.04 10.07 11.12 16.08 11.11 19.71 23.85 18.14 0.00 0.00 14.53 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 12.75 23.56 19.91 21.71 18.06 17.20 13.68 11.56 16.39 22.35 13.50 22.87 26.58 22.85 0.00 0.00 17.63 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 8.84 18.07 15.04 15.20 10.01 12.85 8.40 8.58 5.84 9.82 8.73 16.54 21.12 13.43 0.00 0.00 9.91 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 12.81 23.39 19.60 16.51 17.85 15.80 9.97 11.20 15.60 21.40 12.48 22.05 23.48 13.59 10.52 9.84 16.15 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 18.74 16.30 27.40 15.64 24.46 16.77 16.97 12.46 16.63 33.77 20.45 16.59 23.76 14.48 13.59 10.52 16.87 <-Median-> 10 Trailing P/AEPS Close CDN$
* fr2009 Adj ESP Bef Impair., Fr 2015 continuing op DPR 10 Yrs 24.56% 5 Yrs   22.65% P/CF 5 Yrs   in order 16.08 22.35 9.82 21.40 -15.53% Diff M/C -6.49% Diff M/C 10 * fr2009 Adj ESP Before Impairment, Fr 2015 continuing operations.
$4.78 <-12 mths -3.63%
Difference Basic/Dilutes US$ -4.91% -1.49% -2.33% -1.84% -1.90% -2.86% -3.01% -2.31% -1.94% -2.38% -2.06% -1.36% -0.80%
EPS Basic US$ $1.64 $0.63 $1.11 $1.18 $5.09 $1.39 $2.43 $3.00 $3.09 $7.14 $9.21 $5.88 $5.00 349.65% <-Total Growth 10 EPS Basic US$
EPS Diluted* $1.56 $0.62 $1.09 $1.16 $4.99 $1.36 $2.36 $2.93 $3.03 $6.97 $9.02 $5.80 $4.96 $5.40 $7.53 356.67% <-Total Growth 10 EPS Diluted US$
Increase 49.47% -60.17% 75.03% 6.38% 331.86% -72.84% 74.18% 23.95% 3.56% 130.03% 29.41% -35.70% -14.48% 8.79% 39.55% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 7.8% 2.6% 4.2% 6.7% 19.1% 5.4% 9.1% 8.7% 5.9% 6.2% 9.0% 4.3% 3.7% 1042.6% 1329.5% 16.40% <-IRR #YR-> 10 Earnings per Share 356.67% US$
5 year Running Average $0.91 $0.89 $1.08 $1.09 $1.88 $1.84 $2.19 $2.56 $2.93 $3.33 $4.86 $5.55 $5.96 $6.43 $6.54 11.13% <-IRR #YR-> 5 Earnings per Share 69.53% US$
10 year Running Average $0.99 $0.99 $1.00 $0.95 $1.29 $1.38 $1.54 $1.82 $2.01 $2.61 $3.35 $3.87 $4.26 $4.68 $4.93 18.61% <-IRR #YR-> 10 5 yr Running Average 451.20% US$
* Diluted ESP per share  E/P 10 Yrs 6.46% 5Yrs 5.87% 18.42% <-IRR #YR-> 5 5 yr Running Average 132.90% US$
-$1.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.96
-$2.93 $0.00 $0.00 $0.00 $0.00 $4.96
-$1.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.96
-$2.56 $0.00 $0.00 $0.00 $0.00 $5.96
$7.79 <-12 mths 9.09%
Difference Basic/Dilutes.CDN$ -4.91% -1.49% -2.33% -1.84% -1.90% -2.86% -3.01% -2.31% -1.94% -2.38% -2.06% -1.36% -0.80%
EPS Basic CDN$ $1.63 $0.67 $1.29 $1.63 $6.83 $1.75 $3.32 $3.89 $3.93 $9.05 $12.47 $7.78 $7.19 457.71% <-Total Growth 10 EPS Basic CDN$
EPS Diluted* $1.55 $0.66 $1.26 $1.60 $6.70 $1.70 $3.22 $3.80 $3.86 $8.84 $12.22 $7.67 $7.14 $7.79 $10.86 466.42% <-Total Growth 10 EPS Diluted CDN$
Increase 46.23% -57.42% 90.91% 26.98% 318.75% -74.63% 89.41% 18.01% 1.52% 129.06% 38.25% -37.21% -6.96% 9.09% 39.55% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 7.8% 2.6% 4.3% 6.8% 19.2% 5.2% 9.1% 8.6% 5.9% 6.2% 9.0% 4.3% 3.7% 6.5% 9.1% 18.94% <-IRR #YR-> 10 Earnings per Share 466.42% CDN$
5 year Running Average $0.95 $0.90 $1.12 $1.23 $2.35 $2.38 $2.90 $3.40 $3.86 $4.28 $6.39 $7.28 $7.94 $8.73 $9.13 13.43% <-IRR #YR-> 5 Earnings per Share 87.81% CDN$
10 year Running Average $1.09 $1.09 $1.10 $1.06 $1.55 $1.67 $1.90 $2.26 $2.54 $3.32 $4.39 $5.09 $5.67 $6.29 $6.71 21.60% <-IRR #YR-> 10 5 yr Running Average 606.75% CDN$
* Diluted ESP per share  E/P 10 Yrs 6.50% 5Yrs 5.89% 18.47% <-IRR #YR-> 5 5 yr Running Average 133.37% CDN$
-$1.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.14
-$3.80 $0.00 $0.00 $0.00 $0.00 $7.14
-$1.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.94
-$3.40 $0.00 $0.00 $0.00 $0.00 $7.94
Dividend* US$ $1.71 $1.86 $1.85 Estimates Dividend* US$ US$
Increase 7.06% 8.58% -0.70% Estimates Increase US$
Payout Ratio EPS 31.75% 24.70% #DIV/0! Estimates Payout Ratio EPS
Comments Comments US$
Special Dividends US$ PD US$ (21) $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 $0.00 <-Median-> 10 Special Dividends US$
Dividend* $0.49 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $1.80 $1.80 $1.80 220.03% <-Total Growth 10 Dividends US$
Increase 16.48% -0.73% 2.26% -1.78% 3.13% 19.62% 1.64% 20.04% 10.51% 12.48% 17.55% 29.63% 14.29% 12.50% 0.00% 0.00% 18 4 22 Years of data Count P, N US$
Average Increases 5 Year Running -14.79% -3.26% 5.67% 4.27% 3.87% 4.50% 4.97% 8.53% 10.99% 12.86% 12.44% 18.04% 16.89% 17.29% 14.79% 11.28% 9.76% <-Median-> 10 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.49 $0.44 $0.46 $0.48 $0.50 $0.52 $0.54 $0.59 $0.66 $0.74 $0.83 $0.99 $1.16 $1.36 $1.54 $1.68 152.15% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 2.94% 2.31% 2.16% 2.37% 2.51% 2.58% 2.07% 2.47% 2.32% 1.07% 1.17% 1.18% 1.10% 1.53% 2.19% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 2.46% 2.07% 1.94% 2.00% 1.91% 2.23% 1.73% 2.17% 1.53% 0.76% 0.97% 1.02% 0.99% 1.28% 1.63% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 3.65% 2.62% 2.43% 2.93% 3.68% 3.07% 2.57% 2.85% 4.78% 1.79% 1.48% 1.41% 1.23% 1.90% 2.71% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 2.46% 2.07% 1.96% 2.85% 1.94% 2.43% 2.37% 2.19% 1.58% 0.82% 1.08% 1.03% 1.18% 2.16% 2.16% 2.16% 1.76% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 31.61% 78.79% 46.03% 42.50% 10.15% 44.71% 26.09% 25.26% 26.96% 13.18% 11.97% 24.14% 32.26% 33.36% 23.90% #DIV/0! 25.68% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 53.25% 49.39% 42.69% 43.85% 26.34% 28.15% 24.84% 23.14% 22.40% 22.21% 17.16% 17.86% 19.53% 21.15% 23.48% #DIV/0! 22.77% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 14.68% 20.60% 19.46% 15.62% 18.52% 21.16% 13.35% 14.39% 12.49% 9.90% 9.62% 11.66% 12.71% 14.37% 14.03% #DIV/0! 13.03% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 20.32% 17.68% 17.96% 17.27% 17.49% 18.94% 17.08% 16.00% 15.00% 13.00% 11.33% 11.21% 11.26% 11.80% 12.55% #DIV/0! 15.50% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 11.67% 14.69% 14.63% 13.39% 14.10% 14.41% 10.78% 10.81% 10.89% 7.93% 6.58% 9.76% 9.94% 14.37% 14.03% #DIV/0! 10.80% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 17.05% 14.10% 13.55% 13.40% 13.60% 14.24% 13.21% 12.32% 11.79% 10.31% 8.68% 8.74% 8.82% 9.58% 10.63% #DIV/0! 12.06% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 2.19% 1.76% 5 Yr Med 5 Yr Cl 1.17% 1.08% 5 Yr Med Payout 24.14% 11.66% 9.76% 16.70% <-IRR #YR-> 5 Dividends 116.47% US$
* Dividends per share  10 Yr Med and Cur. -1.68% 22.49% 5 Yr Med and Cur. 84.25% 100.10% Last Div Inc ---> $0.400 $0.450 12.50% 12.34% <-IRR #YR-> 10 Dividends 220.03% US$
Dividends Growth 15 10.02% <-IRR #YR-> 15 Dividends 318.64% US$
Dividends Growth 20 2.56% <-IRR #YR-> 20 Dividends 65.66% US$
Dividends Growth 25 3.69% <-IRR #YR-> 22 Dividends
Dividends Growth 5 -$0.74 $0.00 $0.00 $0.00 $0.00 $1.60 Dividends Growth 5
Dividends Growth 10 -$0.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.60 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 $1.60 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 $1.60 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 $1.60 Dividends Growth 25
Historical Dividends Historical High Div 17.97% Low Div 0.98% 10 Yr High 4.67% 10 Yr Low 0.78% Med Div 2.55% Close Div 2.45% Historical Dividends
High/Ave/Median Values Curr diff Exp. -88.00%     119.99% Exp. -53.83% 176.40% Exp. -15.45% Exp. -11.96% High/Ave/Median 
Future Dividend Yield Div Yd 4.67% earning in 5 Years at IRR of 16.70% Div Inc. 116.47% Future Dividend Yield
Future Dividend Yield Div Yd 10.10% earning in 10 Years at IRR of 16.70% Div Inc. 368.58% Future Dividend Yield
Future Dividend Yield Div Yd 21.87% earning in 15 Years at IRR of 16.70% Div Inc. 914.32% Future Dividend Yield
Future Dividend Paid Div Paid $3.90 earning in 5 Years at IRR of 16.70% Div Inc. 116.47% Future Dividend Paid
Future Dividend Paid Div Paid $8.43 earning in 10 Years at IRR of 16.70% Div Inc. 368.58% Future Dividend Paid
Future Dividend Paid Div Paid $18.26 earning in 15 Years at IRR of 16.70% Div Inc. 914.32% Future Dividend Paid
Dividend Covering Cost Total Div $12.55 over 5 Years at IRR of 16.70% Div Cov. 15.03% Dividend Covering Cost
Dividend Covering Cost Total Div $35.83 over 10 Years at IRR of 16.70% Div Cov. 42.91% Dividend Covering Cost
Dividend Covering Cost Total Div $86.21 over 15 Years at IRR of 16.70% Div Cov. 103.25% Dividend Covering Cost
Dividend* CDN$ $2.47 $2.68 $2.66 Estimates Dividend* CDN$ CDN$
Increase 7.35% 8.58% -0.70% Estimates Increase CDN$
Payout Ratio EPS 31.75% 24.70% #DIV/0! Estimates Payout Ratio EPS
Comments Comments CDN$
I got in CDN$ from 2020 $1.04 $1.14 $1.39 $1.86 $2.16 I got in CDN$ from 2020 CDN$
Special Dividends CDN$ PD US$(21) $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 $0.00 <-Median-> 10 Special Dividends CDN$
Dividend* $0.49 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $2.30 $2.60 $2.60 $2.60 296.94% <-Total Growth 10 Dividends CDN$
Increase 13.95% 6.12% 11.54% 17.24% 0.00% 11.76% 10.53% 14.29% 8.33% 12.00% 25.58% 26.59% 24.34% 12.80% 0.00% 0.00% 17 2 22 Years of data Count P, N CDN$
Average Increases 5 Year Running -15.55% -4.64% 7.82% 11.27% 9.77% 9.33% 10.21% 10.76% 8.98% 11.38% 14.15% 17.36% 19.37% 20.26% 17.86% 12.75% 11.02% <-Median-> 10 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.52 $0.45 $0.48 $0.54 $0.59 $0.64 $0.71 $0.78 $0.86 $0.95 $1.09 $1.30 $1.56 $1.88 $2.16 $2.39 223.20% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 2.93% 2.31% 2.20% 2.58% 2.47% 2.43% 2.15% 2.42% 2.23% 1.09% 1.21% 1.15% 1.17% 1.62% 2.19% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 2.48% 2.04% 1.93% 2.19% 1.92% 2.12% 1.73% 2.11% 1.51% 0.79% 1.00% 0.99% 1.05% 1.29% 1.62% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 3.58% 2.66% 2.55% 3.13% 3.47% 2.84% 2.82% 2.84% 4.24% 1.79% 1.54% 1.37% 1.32% 2.19% 2.83% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 2.47% 2.06% 1.96% 2.88% 1.94% 2.31% 2.38% 2.18% 1.59% 0.82% 1.08% 1.03% 1.19% 2.17% 2.17% 2.17% 1.77% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 31.61% 78.79% 46.03% 42.50% 10.15% 44.71% 26.09% 25.26% 26.96% 13.18% 11.97% 24.14% 32.26% 33.36% 23.90% #DIV/0! 25.68% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 54.83% 50.00% 43.06% 44.05% 25.06% 27.01% 24.45% 23.03% 22.20% 22.25% 17.12% 17.81% 19.69% 21.49% 23.67% #DIV/0! 22.64% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 14.68% 20.60% 19.46% 15.62% 18.52% 21.16% 13.35% 14.39% 12.49% 9.90% 9.62% 11.66% 12.71% 14.37% 14.03% #DIV/0! 13.03% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 20.78% 17.72% 18.04% 17.23% 17.49% 18.81% 16.95% 15.95% 14.99% 13.00% 11.33% 11.20% 11.29% 11.86% 12.60% #DIV/0! 15.47% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 11.67% 14.69% 14.63% 13.39% 14.10% 14.41% 10.78% 10.81% 10.86% 7.92% 6.71% 9.72% 10.12% 14.37% 14.03% #DIV/0! 10.80% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 17.54% 14.14% 13.60% 13.44% 13.65% 14.20% 13.15% 12.31% 11.78% 10.31% 8.72% 8.76% 8.90% 9.73% 10.79% #DIV/0! 12.04% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 2.19% 1.77% 5 Yr Med 5 Yr Cl 1.17% 1.08% 5 Yr Med Payout 24.14% 11.66% 9.72% 19.12% <-IRR #YR-> 5 Dividends 139.82% CDN$
* Dividends per share  10 Yr Med and Cur. -0.88% 22.82% 5 Yr Med and Cur. 85.85% 101.03% Last Div Inc ---> $0.400 $0.450 12.50% 14.78% <-IRR #YR-> 10 Dividends 296.94% CDN$
Dividends Growth 15 12.38% <-IRR #YR-> 15 Dividends 475.56% CDN$
Dividends Growth 20 3.48% <-IRR #YR-> 20 Dividends 98.04% CDN$
Dividends Growth 25 3.25% <-IRR #YR-> 22 Dividends
Dividends Growth 5 -$0.96 $0.00 $0.00 $0.00 $0.00 $2.30 Dividends Growth 5
Dividends Growth 10 -$0.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.30 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 $2.30 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 $2.30 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 $2.30
Historical Dividends Historical High Div 17.06% Low Div 0.99% 10 Yr High 4.16% 10 Yr Low 0.81% Med Div 2.52% Close Div 2.42% 2.27% since 2011 Historical Dividends
High/Ave/Median Values Curr diff Exp. -87.29%     119.03% Exp. -47.88% 167.70% Exp. -13.95% Exp. -10.53% -4.48% High/Ave/Median 
Future Dividend Yield Div Yd 5.20% earning in 5 Years at IRR of 19.12% Div Inc. 139.82% Future Dividend Yield
Future Dividend Yield Div Yd 12.47% earning in 10 Years at IRR of 19.12% Div Inc. 475.12% Future Dividend Yield
Future Dividend Yield Div Yd 29.91% earning in 15 Years at IRR of 19.12% Div Inc. 1279.23% Future Dividend Yield
Future Dividend Paid Div Paid $6.23 earning in 5 Years at IRR of 19.12% Div Inc. 139.82% Future Dividend Paid
Future Dividend Paid Div Paid $14.94 earning in 10 Years at IRR of 19.12% Div Inc. 475.12% Future Dividend Paid
Future Dividend Paid Div Paid $35.82 earning in 15 Years at IRR of 19.12% Div Inc. 1279.23% Future Dividend Paid
Dividend Covering Cost Total Div $18.99 over 5 Years at IRR of 19.12% Div Cov. 15.86% Dividend Covering Cost
Dividend Covering Cost Total Div $58.31 over 10 Years at IRR of 19.12% Div Cov. 48.69% Dividend Covering Cost
Dividend Covering Cost Total Div $152.61 over 15 Years at IRR of 19.12% Div Cov. 127.42% Dividend Covering Cost
I am earning GC Div Gr 241.72% 5-May-17 # yrs -> 9 2017 $28.11 Cap Gain 326.08% I am earning GC
I am earning Div org yield 2.70% 31-Dec-26 Trading Div G Yrly 13.56% Div start $0.76 -2.70% 9.24% I am earning Div
Yield if held 5 years 4.06% 8.33% 10.25% 6.44% 5.27% 4.54% 3.74% 3.64% 3.94% 4.24% 4.68% 4.74% 5.80% 5.56% 2.44% 2.15% 4.61% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 8.89% 6.19% 4.65% 4.30% 4.25% 6.30% 13.45% 16.96% 9.85% 9.02% 8.74% 8.24% 8.73% 9.84% 9.44% 8.31% 8.73% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 55.21% 23.37% 23.15% 31.70% 30.02% 13.79% 10.01% 7.70% 6.57% 7.29% 12.12% 29.65% 40.68% 24.59% 20.11% 15.52% 12.96% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 33.68% 46.35% 56.50% 69.71% 109.68% 85.63% 37.75% 38.32% 48.48% 51.43% 26.55% 22.06% 18.47% 16.41% 16.25% 21.53% 43.40% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 52.51% 47.39% 52.23% 74.87% 93.52% 106.61% 187.87% 164.82% 83.22% 91.91% 121.07% 114.66% 47.13% 87.56% <-Median-> 10 Paid Median Price CDN$
Yield if held 30 years 80.31% 81.17% 100.53% 165.03% 224.28% 266.23% 418.88% 292.62% 100.53% <-Median-> 5 Paid Median Price CDN$
Yield if held 35 years 200.54% 180.98% 178.49% #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 5 years 21.54% 35.87% 42.76% 25.57% 22.84% 19.25% 15.75% 14.86% 16.22% 17.33% 17.49% 16.57% 19.71% 20.08% 10.14% 9.90% 17.41% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 185.44% 114.33% 72.32% 49.30% 41.50% 48.23% 92.55% 112.01% 66.10% 59.74% 51.93% 44.57% 44.50% 51.76% 56.64% 55.71% 50.61% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 1279.74% 533.83% 497.31% 612.48% 610.05% 243.88% 156.49% 103.77% 76.34% 71.31% 93.55% 196.30% 250.20% 154.91% 143.44% 123.33% 176.40% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 20 years 780.60% 1058.62% 1213.61% 1346.77% 2228.66% 1642.56% 692.93% 653.80% 812.01% 820.42% 343.11% 233.67% 166.52% 135.61% 138.94% 192.55% 752.47% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 25 years 1014.49% 962.91% 1001.90% 1374.13% 1595.49% 1785.52% 2997.17% 2258.62% 984.13% 966.03% 1249.24% 1297.71% 559.90% 1194.31% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 30 years 1345.00% 1294.95% 1377.68% 1951.59% 2357.44% 2746.91% 4740.84% 3604.53% 1377.68% <-Median-> 5 Paid Median Price CDN$
Cost covered if held 35 years 2069.20% 2048.31% 2198.64% #NUM! <-Median-> 0 Paid Median Price CDN$
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $3,987.4 $3,781.1 $7,220.4 $8,812.5 $7,521.2 $8,396.8 $8,605 <-12 mths 2.48% 110.58% <-Total Growth 5 Revenue Growth  110.58% 16.06%
AEPS Growth $3.03 $3.30 $5.23 $8.02 $6.18 $5.75 $5.65 <-12 mths -1.75% 89.55% <-Total Growth 5 AEPS Growth 89.55% 13.64%
Net Income Growth $238.9 $275.7 $664.4 $823.2 $504.9 $422.5 $585 <-12 mths 38.39% 76.88% <-Total Growth 5 Net Income Growth 76.88% 12.08%
Cash Flow Growth $418.5 $610.9 $855.4 $971.6 $1,013.8 $1,062.7 153.94% <-Total Growth 5 Cash Flow Growth 153.94% 20.49%
Dividend Growth $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $1.80 <-12 mths 12.50% 116.47% <-Total Growth 5 Dividend Growth 116.47% 16.70%
Stock Price Growth $33.80 $51.58 $112.11 $100.24 $135.98 $135.09 $119.77 <-12 mths -11.34% 299.67% <-Total Growth 5 Stock Price Growth 299.67% 31.93%
Revenue Growth  $3,202.0 $2,910.2 $2,997.8 $3,779.2 $3,755.5 $3,987.4 $3,781.1 $7,220.4 $8,812.5 $7,521.2 $8,396.8 $8,630 <-this year 2.78% 162.24% <-Total Growth 10 Revenue Growth  162.24% 10.12%
AEPS Growth $1.30 $1.03 $1.46 $1.66 $2.59 $3.03 $3.30 $5.23 $8.02 $6.18 $5.75 $6.11 <-this year 6.26% 341.76% <-Total Growth 10 AEPS Growth 341.76% 16.02%
Net Income Growth $110.3 $118.0 $476.3 $125.9 $214.0 $238.9 $275.7 $664.4 $823.2 $504.9 $422.5 $645 <-this year 52.75% 283.15% <-Total Growth 10 Net Income Growth 283.15% 14.38%
Cash Flow Growth $262.9 $306.9 $250.4 $255.2 $398.4 $418.5 $610.9 $855.4 $971.6 $1,013.8 $1,062.7 $1,058 <-this year -0.47% 304.20% <-Total Growth 10 Cash Flow Growth 304.20% 14.99%
Dividend Growth $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $1.60 $2.47 <-this year 54.47% 220.03% <-Total Growth 10 Dividend Growth 220.03% 12.34%
Stock Price Growth $25.57 $17.25 $26.15 $24.88 $25.93 $33.80 $51.58 $112.11 $100.24 $135.98 $135.09 $119.77 <-this year -11.34% 428.31% <-Total Growth 10 Stock Price Growth 428.31% 18.11%
Dividends on Shares $405.23 $430.04 $479.66 $562.36 $562.36 $628.52 $694.68 $793.92 $860.08 $963.27 $1,209.70 $1,531.31 $1,903.95 $2,147.75 $2,147.75 $2,147.75 $20,012.67 No of Years 30 Total Dividends 12/31/95
Paid  $16,424.22 $20,890.02 $24,470.93 $19,525.47 $28,928.46 $27,175.22 $29,193.10 $36,487.24 $54,193.31 $117,326.49 $112,149.47 $149,058.48 $160,636.48 $99,049.79 $99,049.79 $99,049.79 $160,636.48 No of Years 30 Worth $1.21 826.45
Total $180,649.15 $1,000.67
Dividends on Shares $23.12 $23.12 $25.84 $28.56 $32.64 $35.36 $39.60 $49.73 $62.96 $78.28 $88.30 $88.30 $88.30 $399.21 No of Years 10 Total Dividends 12/31/14
Paid  $1,006.06 $802.74 $1,189.32 $1,117.24 $1,200.20 $1,500.08 $2,228.02 $4,823.58 $4,610.74 $6,128.16 $6,604.16 $4,072.18 $4,072.18 $4,072.18 $6,604.16 No of Years 10 Worth $29.59 33.80
Total $7,003.37 $1,006.06
Graham No.AEPS CDN$ $16.54 $14.34 $18.49 $18.40 $26.50 $27.26 $38.13 $40.48 $48.03 $67.51 $97.06 $86.40 $92.11 $95.20 $108.18 $111.89 398.19% <-Total Growth 10 Graham Price AEPS CDN$
Price/GP Ratio Med 1.01 1.57 1.43 1.43 1.04 1.15 1.03 0.98 0.97 1.58 1.24 1.86 2.14 1.68 1.20 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.19 1.77 1.63 1.69 1.34 1.31 1.27 1.13 1.43 2.20 1.51 2.16 2.39 2.12 1.47 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.83 1.36 1.23 1.18 0.74 0.98 0.78 0.83 0.51 0.96 0.98 1.57 1.90 1.24 0.97 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.20 1.76 1.60 1.28 1.32 1.21 0.93 1.09 1.36 2.10 1.40 2.09 2.11 1.26 1.11 1.07 1.34 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 20.10% 76.11% 60.05% 28.31% 31.98% 20.54% -7.42% 8.99% 36.43% 110.16% 39.71% 108.62% 110.89% 25.81% 10.71% 7.04% 34.21% <-Median-> 10 Graham Price CDN$
Graham No. EPS CDN$ $16.54 $11.21 $16.89 $19.46 $49.00 $24.64 $36.36 $39.76 $46.02 $77.93 $102.94 $83.70 $85.54 $89.47 $105.69 $0.00 406.53% <-Total Growth 10 Graham Price EPS CDN$
Price/GP Ratio Med 1.01 2.00 1.56 1.36 0.56 1.27 1.08 1.00 1.01 1.37 1.17 1.92 2.31 1.79 1.22 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.19 2.27 1.78 1.60 0.72 1.45 1.33 1.15 1.50 1.90 1.42 2.23 2.57 2.25 1.47 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.83 1.74 1.34 1.12 0.40 1.08 0.82 0.85 0.53 0.84 0.92 1.62 2.04 1.32 0.89 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.20 2.25 1.75 1.21 0.71 1.33 0.97 1.11 1.42 1.82 1.32 2.15 2.27 1.34 1.13 #DIV/0! 1.33 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 20.10% 125.28% 75.21% 21.30% -28.62% 33.34% -2.92% 10.98% 42.38% 82.05% 31.74% 115.34% 127.06% 33.87% 13.32% #DIV/0! 32.54% <-Median-> 10 Graham Price CDN$
Close CDN$ re Exchange Rate $19.90 $25.16 $29.66 $23.89 $35.11 $31.21 $35.37 $43.90 $65.67 $142.13 $135.77 $179.85 $194.38 $120.46 $120.46 $120.46 Close CDN$ re Exchange Rate
Differnce $0.04 -$0.10 $0.07 $0.28 $0.13 -$1.65 $0.07 -$0.22 $0.14 $0.26 $0.16 -$0.39 $0.14 $0.69 $0.69 $0.69 Differnce
Month, Year CDN$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 27.00 <Count Years> Month, Year
Price Close $19.86 $25.26 $29.59 $23.61 $34.98 $32.86 $35.30 $44.12 $65.53 $141.87 $135.61 $180.24 $194.24 $119.77 $119.77 $119.77 556.44% <-Total Growth 10 Stock Price CDN$
Increase 53.36% 27.19% 17.14% -20.21% 48.16% -6.06% 7.43% 24.99% 48.53% 116.50% -4.41% 32.91% 7.77% -38.34% 0.00% 0.00% 12.86 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 12.81 38.27 23.48 14.76 5.22 19.33 10.96 11.61 16.99 16.05 11.10 23.50 27.22 15.38 11.02 #DIV/0! 34.51% <-IRR #YR-> 5 Stock Price 340.25% CDN$
Trailing P/E 18.74 16.30 44.83 18.74 21.86 4.90 20.76 13.70 17.24 36.77 15.35 14.75 25.32 16.78 15.38 11.02 20.70% <-IRR #YR-> 10 Stock Price 556.44% CDN$
CAPE (10 Yr P/E) 11.22 12.73 13.92 15.07 11.67 12.26 12.41 11.97 12.75 13.65 12.97 14.23 15.66 15.65 15.94 #DIV/0! 36.40% <-IRR #YR-> 5 Price & Dividend 360.16% CDN$
Median 10, 5 Yrs D.  per yr 1.60% 1.90% % Tot Ret 7.17% 5.22% T P/E $17.99 $17.24 P/E:  $15.41 $16.99 22.30% <-IRR #YR-> 10 Price & Dividend 598.08% CDN$
Price 15 D.  per yr 2.57% % Tot Ret 9.92% CAPE Diff 19.61% 23.29% <-IRR #YR-> 15 Stock Price 2212.38% CDN$
Price  20 D.  per yr 3.09% % Tot Ret 18.55% 13.57% <-IRR #YR-> 20 Stock Price 1175.38% CDN$
Price  25 D.  per yr 11.57% % Tot Ret 37.96% 18.91% <-IRR #YR-> 25 Stock Price 7487.50% CDN$
Price  30 D.  per yr 6.63% % Tot Ret 26.43% 18.45% <-IRR #YR-> 30 Stock Price 15952.89% CDN$
Price  35 D.  per yr 3.44% % Tot Ret 17.90% 15.76% <-IRR #YR-> 34 Stock Price CDN$
Price & Dividend 15 25.86% <-IRR #YR-> 15 Price & Dividend 2385.73% CDN$
Price & Dividend 20 16.67% <-IRR #YR-> 20 Price & Dividend 1319.30% CDN$
Price & Dividend 25 30.47% <-IRR #YR-> 25 Price & Dividend 8432.78% CDN$
Price & Dividend 30 25.07% <-IRR #YR-> 30 Price & Dividend 17952.82% CDN$
Price & Dividend 35 19.20% <-IRR #YR-> 34 Price & Dividend CDN$
Price  5 -$44.12 $0.00 $0.00 $0.00 $0.00 $194.24 Price  5 CDN$
Price 10 -$29.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $194.24 Price 10 CDN$
Price & Dividend 5 -$44.12 $1.04 $1.16 $1.46 $1.85 $196.54 Price & Dividend 5 CDN$
Price & Dividend 10 -$29.59 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $196.54 Price & Dividend 10 CDN$
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 $194.24 Price 15 CDN$
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 $194.24 Price  20 CDN$
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 $194.24 Price  25 CDN$
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 $194.24 Price  30 CDN$
Price  35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $194.24 Price  35 CDN$
Price & Dividend 15 $0.49 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $196.54 Price & Dividend 15 CDN$
Price & Dividend 20 $0.49 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $196.54 Price & Dividend 20 CDN$
Price & Dividend 25 $0.49 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $196.54 Price & Dividend 25 CDN$
Price & Dividend 30 $0.49 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $196.54 Price & Dividend 30 CDN$
Price & Dividend 35 $0.49 $0.52 $0.58 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $196.54 Price & Dividend 35 CDN$
Price H/L Median CDN$ $16.73 $22.48 $26.39 $26.39 $27.50 $31.26 $39.10 $39.68 $46.71 $106.65 $120.72 $161.08 $197.32 $159.92 647.85% <-Total Growth 10 Stock Price CDN$
Increase 29.54% 34.37% 17.37% 0.02% 4.21% 13.65% 25.08% 1.48% 17.73% 128.32% 13.19% 33.43% 22.50% -18.96% 22.29% <-IRR #YR-> 10 Stock Price 647.85% CDN$
P/E 10.79 34.06 20.94 16.49 4.10 18.39 12.14 10.44 12.11 12.07 9.88 21.00 27.65 20.54 37.83% <-IRR #YR-> 5 Stock Price 397.34% CDN$
Trailing P/E 15.78 14.50 39.98 20.94 17.19 4.66 23.00 12.32 12.29 27.65 13.66 13.18 25.72 22.41 23.99% <-IRR #YR-> 10 Price & Dividend 694.55% CDN$
P/E on Run. 5 yr Ave 17.65 25.09 23.47 21.53 11.68 13.11 13.50 11.66 12.11 24.90 18.90 22.14 24.84 18.32 39.85% <-IRR #YR-> 5 Price & Dividend 419.47% CDN$
P/E on Run. 10 yr Ave 15.32 20.70 24.07 24.99 17.76 18.76 20.62 17.52 18.38 32.14 27.53 31.67 34.78 25.41 12.07 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 1.71% 2.02% % Tot Ret 7.11% 5.08% T P/E 15.42 13.66 P/E:  12.12 12.11 Count 34 Years of data
-$26.39 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $197.32
-$39.68 $0.00 $0.00 $0.00 $0.00 $197.32
-$26.39 $0.68 $0.68 $0.76 $0.84 $0.96 $1.04 $1.16 $1.46 $1.85 $199.62
-$39.68 $1.04 $1.16 $1.46 $1.85 $199.62
High Months CDN$ Dec Dec Nov Mar Dec Jan Sep Apr Nov Oct Dec Sep Apr Jan
Price High $19.76 $25.44 $30.06 $31.05 $35.39 $35.78 $48.44 $45.55 $68.87 $148.21 $146.65 $186.93 $219.88 $201.46 631.47% <-Total Growth 10 Stock Price CDN$
Increase 25.62% 28.74% 18.16% 3.29% 13.98% 1.10% 35.38% -5.97% 51.20% 115.20% -1.05% 27.47% 17.63% -8.38% 22.02% <-IRR #YR-> 10 Stock Price 631.47% CDN$
P/E 12.75 38.55 23.86 19.41 5.28 21.05 15.04 11.99 17.85 16.77 12.00 24.37 30.81 25.88 37.01% <-IRR #YR-> 5 Stock Price 382.72% CDN$
Trailing P/E 18.64 16.41 45.55 24.64 22.12 5.34 28.49 14.15 18.12 38.42 16.60 15.30 28.66 28.23 14.84 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 20.12 18.12 P/E:  17.31 17.85 24.37 P/E Ratio Historical High CDN$
-$30.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $219.88
-$45.55 $0.00 $0.00 $0.00 $0.00 $219.88
Low Months CDN$ Jan May Mar Aug Feb Jun Feb Jan Mar Jan Jun Jun Feb Feb CDN$
Price Low $13.70 $19.52 $22.71 $21.73 $19.61 $26.73 $29.75 $33.80 $24.55 $65.09 $94.78 $135.22 $174.76 $118.37 669.53% <-Total Growth 10 Stock Price CDN$
Increase 35.64% 42.48% 16.34% -4.32% -9.76% 36.31% 11.30% 13.61% -27.37% 165.13% 45.61% 42.67% 29.24% -32.27% 22.64% <-IRR #YR-> 10 Stock Price 669.53% CDN$
P/E 8.84 29.58 18.02 13.58 2.93 15.72 9.24 8.89 6.36 7.37 7.76 17.63 24.49 15.20 38.90% <-IRR #YR-> 5 Stock Price 417.04% CDN$
Trailing P/E 12.92 12.59 34.41 17.25 12.26 3.99 17.50 10.50 6.46 16.87 10.73 11.07 22.78 16.59 8.84 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 11.66 11.07 P/E:  9.07 7.76 5.79 P/E Ratio Historical Low CDN$
-$22.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $174.76
Stock price using Exchange $19.96 $23.75 $25.51 $17.05 $26.05 $26.19 $25.88 $33.97 $51.47 $111.90 $100.13 $136.28 $134.99 $83.01 $83.01 $83.01
Month, Year US$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 27.00 <Count Years> Month, Year US$
Price Close $20.00 $23.66 $25.57 $17.25 $26.15 $24.88 $25.93 $33.80 $51.58 $112.11 $100.24 $135.98 $135.09 $83.49 $83.49 $83.49 428.31% <-Total Growth 10 Stock Price US$
Increase 55.16% 18.30% 8.07% -32.54% 51.59% -4.86% 4.22% 30.35% 52.60% 117.35% -10.59% 35.65% -0.65% -38.20% 0.00% 0.00% 13.08 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 12.84 38.13 23.54 14.93 5.24 18.36 10.99 11.55 17.02 16.08 11.11 23.44 27.24 15.47 11.09 #DIV/0! 31.93% <-IRR #YR-> 5 Stock Price 299.67% US$
Trailing P/E 19.19 15.19 41.21 15.88 22.63 4.99 19.13 14.32 17.63 37.00 14.38 15.08 23.29 16.83 15.47 11.09 18.11% <-IRR #YR-> 10 Stock Price 428.31% US$
CAPE (10 Yr P/E) 11.39 12.96 14.11 15.22 12.28 12.67 12.81 12.25 13.01 13.85 13.16 14.30 15.58 15.58 15.94 #DIV/0! 33.87% <-IRR #YR-> 5 Price & Dividend 978.99% US$
Median 10, 5 Yrs D.  per yr 1.52% 1.94% % Tot Ret 7.73% 5.73% T P/E $16.76 $17.63 P/E:  $15.51 $17.02 19.63% <-IRR #YR-> 10 Price & Dividend 2049.21% US$
Price 15 D.  per yr 2.59% % Tot Ret 11.09% CAPE Diff 18.25% 20.75% <-IRR #YR-> 15 Stock Price 1590.74% US$
Price  20 D.  per yr 3.57% % Tot Ret 21.97% 12.67% <-IRR #YR-> 20 Stock Price 987.68% US$
Price  25 D.  per yr 8.95% % Tot Ret 35.75% 16.09% <-IRR #YR-> 22 Stock Price #DIV/0! US$
Price  30 D.  per yr #NUM! % Tot Ret #NUM! #NUM! <-IRR #YR-> 30 Stock Price US$
Price & Dividend 15 23.33% <-IRR #YR-> 15 Price & Dividend 10602.00% US$
Price & Dividend 20 16.24% <-IRR #YR-> 20 Price & Dividend 7648.66% US$
Price & Dividend 25 25.05% <-IRR #YR-> 22 Price & Dividend #DIV/0! US$
Price & Dividend 30 #NUM! <-IRR #YR-> 30 Price & Dividend
Price  5 -$33.80 $0.00 $0.00 $0.00 $0.00 $135.09 Price  5
Price 10 -$25.57 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $135.09 Price 10
Price & Dividend 5 -$33.80 $0.82 $0.92 $1.08 $1.40 $136.69 Price & Dividend 5
Price & Dividend 10 -$25.57 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $136.69 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 $135.09 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 $135.09 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 $135.09 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 $135.09 Price  30
Price & Dividend 15 $0.49 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $136.69 Price & Dividend 15
Price & Dividend 20 $0.49 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $136.69 Price & Dividend 20
Price & Dividend 25 $0.49 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $136.69 Price & Dividend 25
Price & Dividend 30 $0.49 $0.49 $0.50 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $136.69 Price & Dividend 30
Price H/L Median US$ $16.76 $21.15 $23.18 $20.68 $20.15 $23.46 $29.75 $29.96 $35.28 $85.71 $92.30 $118.55 $145.80 $117.42 529.13% <-Total Growth 10 Stock Price US$
Increase 31.36% 26.23% 9.57% -10.77% -2.59% 16.46% 26.81% 0.71% 17.74% 142.98% 7.69% 28.44% 22.99% -19.47% 20.19% <-IRR #YR-> 10 Stock Price 529.13% US$
P/E 10.75 34.08 21.34 17.90 4.04 17.31 12.60 10.24 11.64 12.30 10.23 20.44 29.40 21.76 37.23% <-IRR #YR-> 5 Stock Price 386.65% US$
Trailing P/E 16.08 13.58 37.35 19.04 17.43 4.70 21.95 12.69 12.06 28.29 13.24 13.14 25.14 23.67 21.75% <-IRR #YR-> 10 Price & Dividend 2317.53% US$
P/E on Run. 5 yr Ave 18.36 23.86 21.45 18.93 10.70 12.74 13.59 11.72 12.03 25.75 18.99 21.36 24.48 18.26 39.27% <-IRR #YR-> 5 Price & Dividend 1153.03% US$
P/E on Run. 10 yr Ave 17.01 21.33 23.09 21.82 15.57 17.04 19.35 16.47 17.53 32.90 27.54 30.64 34.25 25.09 11.94 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 1.56% 2.05% % Tot Ret 7.17% 5.21% T P/E 15.34 13.24 P/E:  12.45 12.30 Count 21 Years of data
-$23.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $145.80
-$29.96 $0.00 $0.00 $0.00 $0.00 $145.80
-$23.18 $0.49 $0.51 $0.61 $0.62 $0.74 $0.82 $0.92 $1.08 $1.40 $147.40
-$29.96 $0.82 $0.92 $1.08 $1.40 $147.40
High Months US$ Dec Dec Nov Mar Dec Jan Sep Apr Dec Dec Mar Sep Apr Jan
Price High $20.00 $23.66 $25.75 $24.61 $26.54 $27.19 $35.54 $34.02 $53.47 $120.18 $111.61 $137.53 $161.03 $140.13 525.36% <-Total Growth 10 Stock Price US$
Increase 22.77% 18.30% 8.83% -4.43% 7.84% 2.45% 30.71% -4.28% 57.17% 124.76% -7.13% 23.22% 17.09% -12.98% 20.12% <-IRR #YR-> 10 Stock Price 525.36% US$
P/E 12.84 38.13 23.71 21.30 5.32 20.06 15.06 11.63 17.65 17.24 12.37 23.71 32.47 25.97 36.47% <-IRR #YR-> 5 Stock Price 373.34% US$
Trailing P/E 19.19 15.19 41.50 22.66 22.97 5.45 26.23 14.41 18.28 39.66 16.01 15.25 27.76 28.25 15.34 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 20.47 18.28 P/E:  17.44 17.65 25.03 P/E Ratio Historical High US$
-$25.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $161.03
-$34.02 $0.00 $0.00 $0.00 $0.00 $161.03
Low Months US$ Jan Apr Mar Aug Jan May Feb Jan Mar Jan Jun Jun Feb Feb US$
Price Low $13.51 $18.64 $20.60 $16.75 $13.75 $19.73 $23.96 $25.90 $17.08 $51.24 $72.99 $99.57 $130.57 $94.71 533.83% <-Total Growth 10 Stock Price US$
Increase 46.53% 37.97% 10.52% -18.69% -17.91% 43.49% 21.44% 8.10% -34.05% 200.00% 42.45% 36.42% 31.13% -27.46% 20.28% <-IRR #YR-> 10 Stock Price 533.83% US$
P/E 8.67 30.04 18.97 14.50 2.76 14.56 10.15 8.85 5.64 7.35 8.09 17.17 26.32 17.55 38.20% <-IRR #YR-> 5 Stock Price 404.13% US$
Trailing P/E 12.96 11.96 33.20 15.42 11.90 3.95 17.68 10.97 5.84 16.91 10.47 11.04 22.51 19.09 8.85 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 11.47 11.04 P/E:  9.50 8.09 6.68 P/E Ratio Historical Low US$
-$20.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $130.57
Free Cash Flow Company CDN$ $179.00 $151.70 $243.40 $291.50 $288.34 $376.49 $339.71 $462.98 $693.44 $888.59 $1,193.08 $1,026.20 $1,105.97 354.39% <-Total Growth 10 Free Cash Flow Comp. CDN$
Free Cash Flow Company US$ $179.92 $142.63 $209.81 $210.51 $214.75 $300.11 $249.02 $356.47 $544.64 $700.89 $880.89 $775.90 $768.63 $868.9 $941.2 $971.5 266.34% <-Total Growth 10 Free Cash Flow Company US$
Free Cash Flow MS US$ $220 $148 $202 $193 $167 $47 $165 $224 $466 $580 $615 $650 $650 $920 $920 $920 221.78% <-Total Growth 10 Free Cash Flow US$
Change 69.23% -32.73% 36.49% -4.46% -13.47% -71.86% 251.06% 35.76% 108.04% 24.46% 6.03% 5.69% 0.00% 41.54% 0.00% 0.00% 23.75% <-IRR #YR-> 5 Free Cash Flow MS 190.18% US$
FCF/CF from Op Ratio 0.71 0.67 0.77 0.63 0.67 0.18 0.41 0.54 0.76 0.68 0.63 0.64 0.61 0.87 0.85 #DIV/0! 12.40% <-IRR #YR-> 10 Free Cash Flow MS 221.78% US$
Dividends paid $45.69 $45.67 $48.76 $49.51 $47.71 $55.01 $54.31 $62.14 $67.60 $85.39 $97.32 $121.10 $133.93 $151.94 $151.94 $151.94 174.69% <-Total Growth 10 Dividends paid US$
Percentage paid 28.57% 117.05% 32.92% 27.74% 14.51% 14.72% 15.82% 18.63% 20.60% 16.51% 16.51% 16.51% $0.21 <-Median-> 9 Percentage paid US$
5 Year Coverage 26.83% 21.89% 17.89% 17.10% 17.07% 17.27% 17.48% 17.51% 17.89% <-Median-> 5 5 Year Coverage US$
Dividend Coverage Ratio 3.50 0.85 3.04 3.60 6.89 6.79 6.32 5.37 4.85 6.06 6.06 6.06 4.85 <-Median-> 9 Dividend Coverage Ratio US$
5 Year of Coverage 3.73 4.57 5.59 5.85 5.86 5.79 5.72 5.71 5 Year of Coverage US$
Free Cash Flow MS CDN$ $219.17 $157.12 $234.30 $267.34 $224.00 $58.95 $224.78 $297.98 $593.31 $735.32 $832.96 $859.69 $935.29
Change 65.11% -28.31% 49.12% 14.10% -16.21% -73.68% 281.31% 32.57% 99.11% 23.94% 13.28% 3.21% 8.79%
Free Cash Flow MS US$ $220.29 $147.72 $201.97 $110.00 $160.00 $90.00 $160.00 $220.00 $430.00 $540.00 $760.00 $540.00 $650 $1,327 $1,327 $1,327 221.84% <-Total Growth 10 Free Cash Flow CDN$
Change -32.94% 36.72% -45.54% 45.45% -43.75% 77.78% 37.50% 95.45% 25.58% 40.74% -28.95% 20.37% 104.21% 0.00% 0.00% 31.54% <-Median-> 10 Change CDN$
FCF/CF from Op Ratio 61.98% 78.47% 36.39% 49.64% 27.74% 41.45% 50.73% 85.28% 82.59% 89.09% 53.33% 53.74% 97.65% 91.24% #DIV/0! 24.19% <-IRR #YR-> 5 Free Cash Flow MS
Dividends paid $45.46 $48.57 $56.56 $68.56 $64.07 $69.02 $74.10 $80.70 $86.07 $108.25 $131.81 $160.16 $192.71 $219.21 $219.21 $219.21 12.40% <-IRR #YR-> 10 Free Cash Flow MS
Percentage paid 20.63% 32.88% 28.01% 62.32% 40.04% 76.68% 46.31% 36.68% 20.02% 20.05% 17.34% 29.66% 29.65% 16.51% 16.51% 16.51% 5.86% <-Total Growth 10 Dividends paid
5 Year Coverage 19.35% 22.71% 24.05% 32.11% 33.72% 43.23% 46.03% 48.17% 35.28% 29.04% 22.79% 22.77% 23.25% 21.27% 20.05% 19.54% $0.33 <-Median-> 10 Percentage paid
Dividend Coverage Ratio 4.85 3.04 3.57 1.60 2.50 1.30 2.16 2.73 5.00 4.99 5.77 3.37 3.37 6.06 6.06 6.06 304.88% <-Median-> 10 5 Year Coverage
5 Year of Coverage 5.17 4.40 4.16 3.11 2.97 2.31 2.17 2.08 2.83 3.44 4.39 4.39 4.30 4.70 4.99 5.12 3.04 <-Median-> 10 Dividend Coverage Ratio
Free Cash Flow WSJ CDN$ $269.05 $225.83 $61.03 $229.20 $302.80 $627.93 $736 $808 $880 $914 $1,327 $1,327 $1,327 239.58% <-Total Growth 9 Free Cash Flow CDN$
Change -16.06% -72.98% 275.58% 32.11% 107.37% 17.21% 9.78% 8.91% 3.82% 45.28% 0.00% 0.00% 24.72% <-IRR #YR-> 5 Free Cash Flow MS 195.45% CDN$
FCF/CF from Op Ratio 0.89 0.70 0.19 0.59 0.70 1.25 1.13 0.95 0.87 0.76 0.98 0.91 #DIV/0! 14.55% <-IRR #YR-> 9 Free Cash Flow MS 221.84% CDN$
Dividends paid $68.56 $64.07 $69.02 $74.10 $80.70 $86.07 $108.25 $131.81 $160.16 $192.71 $219.21 $219.21 $219.21 181.10% <-Total Growth 9 Dividends paid CDN$
Percentage paid 25.48% 28.37% 113.09% 32.33% 26.65% 13.71% 14.71% 16.31% 18.20% 21.09% 16.51% 16.51% 16.51% 23.29% <-Median-> 10 Percentage paid CDN$
5 Year Coverage 32.76% 25.85% 21.37% 17.79% 16.90% 17.12% 21.27% 20.05% 19.54% 19.58% <-Median-> 6 5 Year Coverage CDN$
Dividend Coverage Ratio 3.92 3.53 0.88 3.09 3.75 7.30 6.80 6.13 5.49 4.74 6.06 6.06 6.06 4.33 <-Median-> 10 Dividend Coverage Ratio CDN$
5 Year of Coverage 3.05 3.87 4.68 5.62 5.92 5.84 5.74 5.69 5.72 5 Year of Coverage CDN$
Market Cap CDN$ $1,842 $2,359 $3,028 $2,305 $3,203 $2,929 $3,050 $3,594 $6,120 $13,074 $11,736 $15,220 $16,395 $10,110 $10,110 $10,110 441.50% <-Total Growth 10 Market Cap 441.50% CDN$
Market Cap US$ $1,855 $2,210 $2,616 $1,684 $2,395 $2,217 $2,240 $2,753 $4,817 $10,331 $8,675 $11,482 $11,403 $7,047 $7,047 $7,047 335.81% <-Total Growth 10 Market Cap 335.81% US$
Calc 95.317
Diluted 107.546 94.209 101.366 101.994 95.520 92.778 90.804 85.364 90.935 95.336 91.258 87.055 85.243 85.243 -15.91% <-Total Growth 10 Diluted
Change 2.21% -12.40% 7.60% 0.62% -6.35% -2.87% -2.13% -5.99% 6.53% 4.84% -4.28% -4.61% -2.08% 0.00% -2.50% <-Median-> 10 Change
Difference Diluted/Basic -11.89% -1.72% -1.90% -1.75% -1.90% -2.46% -3.13% -2.31% -2.00% -2.39% -2.08% -1.32% -0.81% -0.81% -2.04% <-Median-> 10 Difference Diluted/Basic
Calc 79.751 89.215 93.048 89.385 85.863 84.497
Basic # of Shares in Millions 94.757 92.589 99.437 100.206 93.709 90.494 87.966 83.390 89.113 93.054 89.360 85.908 84.552 84.552 -14.97% <-Total Growth 10 Average
Change -0.70% -2.29% 7.40% 0.77% -6.48% -3.43% -2.79% -5.20% 6.86% 4.42% -3.97% -3.86% -1.58% 0.00% -3.11% <-Median-> 10 Change
Difference Basic/Outstanding -2.1% 0.9% 2.9% -2.6% -2.3% -1.5% -1.8% -2.3% 4.8% -1.0% -3.2% -1.7% -0.2% -0.2% -1.74% <-Median-> 10 Difference Basic/Outstanding
Share Share
Tracking Shares Tracking Shares
# of Share in Millions 92.767 93.405 102.324 97.633 91.575 89.124 86.398 81.450 93.398 92.153 86.540 84.442 84.408 84.408 84.408 84.408 -1.91% <-IRR #YR-> 10 Shares -17.51%
Change -2.92% 0.69% 9.55% -4.58% -6.20% -2.68% -3.06% -5.73% 14.67% -1.33% -6.09% -2.42% -0.04% 0.00% 0.00% 0.00% 0.72% <-IRR #YR-> 5 Shares 3.63%
CF fr Op $M US$ $311.2 $221.7 $262.9 $306.9 $250.4 $255.2 $398.4 $418.5 $610.9 $855.4 $971.6 $1,013.8 $1,062.7 $1,057.6 $1,083.0 304.20% <-Total Growth 10 Cash Flow US$
Increase 34.01% -28.77% 18.59% 16.72% -18.38% 1.91% 56.10% 5.04% 45.98% 40.02% 13.60% 4.34% 4.81% -0.47% 2.39% S Issued Buy Backs, SO US$
5 year Running Average $223.0 $233.4 $245.9 $267.0 $270.6 $259.4 $294.8 $325.9 $386.7 $507.7 $650.9 $774.0 $902.9 $992.2 $1,037.7 267.17% <-Total Growth 10 CF 5 Yr Running US$
CFPS $3.35 $2.37 $2.57 $3.14 $2.73 $2.86 $4.61 $5.14 $6.54 $9.28 $11.23 $12.01 $12.59 $12.53 $12.83 389.99% <-Total Growth 10 Cash Flow per Share US$
Increase 38.05% -29.25% 8.26% 22.33% -12.99% 4.71% 61.03% 11.42% 27.30% 41.92% 20.96% 6.93% 4.86% -0.47% 2.39% 14.99% <-IRR #YR-> 10 Cash Flow 304.20% US$
5 year Running Average $2.39 $2.48 $2.57 $2.77 $2.84 $2.74 $3.18 $3.70 $4.38 $5.69 $7.36 $8.84 $10.33 $11.53 $12.24 20.49% <-IRR #YR-> 5 Cash Flow 153.94% US$
P/CF on Med Price 4.99 8.91 9.02 6.58 7.37 8.19 6.45 5.83 5.39 9.23 8.22 9.87 11.58 6.66 6.51 17.22% <-IRR #YR-> 10 Cash Flow per Share 389.99% US$
P/CF on Closing Price 5.96 9.97 9.95 5.49 9.56 8.69 5.62 6.58 7.89 12.08 8.93 11.33 10.73 6.66 6.51 19.63% <-IRR #YR-> 5 Cash Flow per Share 145.04% US$
-14.34% Diff M/C 14.93% <-IRR #YR-> 10 CFPS 5 yr Running 302.19% US$
US$
Excl.Working Capital CF US$ $80.4 $89.1 $86.9 $51.2 $78.4 $119.4 $94.9 $138.5 $90.0 $212.3 $449.1 $197.1 $296.0 $0.0 $0.0 22.81% <-IRR #YR-> 5 CFPS 5 yr Running 179.31% US$
CF fr Op $M WC $391.6 $310.8 $349.8 $358.1 $328.9 $374.6 $493.3 $557.0 $700.8 $1,067.7 $1,420.8 $1,210.9 $1,358.7 $1,057.6 $1,083.0 288.43% <-Total Growth 10 Cash Flow less WC US$
Increase 26.32% -20.64% 12.56% 2.37% -8.16% 13.90% 31.70% 12.89% 25.83% 52.35% 33.07% -14.77% 12.20% -22.16% 2.39% 14.53% <-IRR #YR-> 10 Cash Flow less WC 288.43% US$
5 year Running Average $266.1 $292.5 $325.9 $344.0 $347.8 $344.4 $380.9 $422.4 $490.9 $638.7 $847.9 $991.4 $1,151.8 $1,223.1 $1,226.2 19.53% <-IRR #YR-> 5 Cash Flow less WC 143.95% US$
CFPS Excl. WC $4.22 $3.33 $3.42 $3.67 $3.59 $4.20 $5.71 $6.84 $7.50 $11.59 $16.42 $14.34 $16.10 $12.53 $12.83 14.53% <-IRR #YR-> 10 CF less WC 5 Yr Run 253.36% US$
Increase 30.13% -21.18% 2.75% 7.29% -2.08% 17.03% 35.86% 19.75% 9.74% 54.40% 41.71% -12.65% 12.25% -22.16% 2.39% 19.53% <-IRR #YR-> 5 CF less WC 5 Yr Run 172.70% US$
5 year Running Average $2.85 $3.10 $3.40 $3.58 $3.65 $3.64 $4.12 $4.80 $5.57 $7.17 $9.61 $11.34 $13.19 $14.19 $14.44 16.76% <-IRR #YR-> 10 CFPS - Less WC 370.88% US$
P/CF on Med Price 3.97 6.36 6.78 5.64 5.61 5.58 5.21 4.38 4.70 7.40 5.62 8.27 9.06 9.37 0.00 18.68% <-IRR #YR-> 5 CFPS - Less WC 135.40% US$
P/CF on Close 7.02 7.62 7.51 4.82 7.17 6.83 6.30 7.04 9.26 15.64 10.43 11.99 10.24 5.88 5.78 14.51% <-IRR #YR-> 10 CFPS 5 yr Running 287.50% US$
CF/-WC P/CF Med 10 yr 7.78 5 yr  9.23 P/CF Med 10 yr 5.62 5 yr  7.40 4.74% Diff M/C 22.39% <-IRR #YR-> 5 CFPS 5 yr Running 174.65% US$
CF fr Op $M CDN$ $309.6 $235.8 $305.0 $424.9 $336.3 $320.2 $543.5 $543.5 $777.7 $1,084.4 $1,316.0 $1,340.9 $1,529.0 $1,526.0 $1,562.5 401.34% <-Total Growth 10 Cash Flow CDN$
Increase 31.10% -23.85% 29.35% 39.32% -20.86% -4.79% 69.75% 0.00% 43.10% 39.43% 21.36% 1.89% 14.03% -0.20% 2.39% S Issued Buy Backs, SO CDN$
5 year Running Average $232.7 $238.4 $257.4 $302.3 $322.3 $324.4 $386.0 $433.7 $504.2 $653.9 $853.0 $1,012.5 $1,209.6 $1,359.3 $1,454.9 369.95% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS $3.34 $2.52 $2.98 $4.35 $3.67 $3.59 $6.29 $6.67 $8.33 $11.77 $15.21 $15.88 $18.11 $18.08 $18.51 507.75% <-Total Growth 10 Cash Flow per Share CDN$
Increase 35.05% -24.37% 18.08% 46.02% -15.63% -2.17% 75.11% 6.07% 24.79% 41.31% 29.23% 4.42% 14.08% -0.20% 2.39% 17.49% <-IRR #YR-> 10 Cash Flow 401.34% CDN$
5 year Running Average $2.50 $2.53 $2.68 $3.13 $3.37 $3.42 $4.18 $4.92 $5.71 $7.33 $9.65 $11.57 $13.86 $15.81 $17.16 22.98% <-IRR #YR-> 5 Cash Flow 181.33% CDN$
P/CF on Med Price 5.01 8.91 8.85 6.06 7.49 8.70 6.21 5.95 5.61 9.06 7.94 10.14 10.89 8.85 0.00 19.78% <-IRR #YR-> 10 Cash Flow per Share 507.75% CDN$
P/CF on Closing Price 5.95 10.01 9.93 5.42 9.53 9.15 5.61 6.61 7.87 12.06 8.92 11.35 10.72 6.63 6.47 22.11% <-IRR #YR-> 5 Cash Flow per Share 171.47% CDN$
-14.11% Diff M/C 17.84% <-IRR #YR-> 10 CFPS 5 yr Running 416.51% CDN$
CDN$
Excl.Working Capital CF CDN$ $80.0 $94.7 $100.8 $70.9 $105.3 $149.7 $129.5 $179.9 $116.8 $270.3 $569.4 $266.9 $391.5 $0.0 $0.0 23.03% <-IRR #YR-> 5 CFPS 5 yr Running 181.92% CDN$
CF fr Op $M WC $389.6 $330.5 $405.8 $495.8 $441.6 $469.9 $673.0 $723.4 $894.6 $1,354.7 $1,885.4 $1,607.8 $1,920.6 $1,526.0 $1,562.5 373.30% <-Total Growth 10 Cash Flow less WC CDN$
Increase 23.58% -15.16% 22.77% 22.19% -10.94% 6.42% 43.22% 7.48% 23.67% 51.44% 39.17% -14.72% 19.45% -20.55% 2.39% 16.82% <-IRR #YR-> 10 Cash Flow less WC 373.30% CDN$
5 year Running Average $276.2 $298.6 $341.5 $387.4 $412.7 $428.7 $497.2 $560.7 $640.5 $823.1 $1,106.2 $1,293.2 $1,532.6 $1,658.9 $1,700.5 21.57% <-IRR #YR-> 5 Cash Flow less WC 165.51% CDN$
CFPS Excl. WC $4.20 $3.54 $3.97 $5.08 $4.82 $5.27 $7.79 $8.88 $9.58 $14.70 $21.79 $19.04 $22.75 $18.08 $18.51 16.20% <-IRR #YR-> 10 CF less WC 5 Yr Run 348.84% CDN$
Increase 27.30% -15.74% 12.07% 28.06% -5.05% 9.35% 47.74% 14.01% 7.85% 53.48% 48.20% -12.61% 19.50% -20.55% 2.39% 22.27% <-IRR #YR-> 5 CF less WC 5 Yr Run 173.32% CDN$
5 year Running Average $2.96 $3.17 $3.56 $4.02 $4.32 $4.54 $5.39 $6.37 $7.27 $9.24 $12.55 $14.80 $17.57 $19.27 $20.03 19.09% <-IRR #YR-> 10 CFPS - Less WC 473.75% CDN$
P/CF on Med Price 3.98 6.35 6.65 5.20 5.70 5.93 5.02 4.47 4.88 7.25 5.54 8.46 8.67 8.85 0.00 20.70% <-IRR #YR-> 5 CFPS - Less WC 156.20% CDN$
P/CF on Close 4.73 7.14 7.46 4.65 7.25 6.23 4.53 4.97 6.84 9.65 6.22 9.47 8.54 6.63 6.47 17.31% <-IRR #YR-> 10 CFPS 5 yr Running 393.73% CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 7.71 5 yr  9.06 P/CF Med 10 yr 5.62 5 yr  7.25 17.84% Diff M/C 22.50% <-IRR #YR-> 5 CFPS 5 yr Running 175.91% CDN$
-$2.57 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.59 Cash Flow per Share US$
-$5.14 $0.00 $0.00 $0.00 $0.00 $12.59 Cash Flow per Share US$
-$2.57 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.33 CFPS 5 yr Running US$
-$3.70 $0.00 $0.00 $0.00 $0.00 $10.33 CFPS 5 yr Running US$
-$349.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,358.7 Cash Flow less WC US$
-$557.0 $0.0 $0.0 $0.0 $0.0 $1,358.7 Cash Flow less WC US$
-$325.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,151.8 CF less WC 5 Yr Run US$
-$422.4 $0.0 $0.0 $0.0 $0.0 $1,151.8 CF less WC 5 Yr Run US$
-$3.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.10 CFPS - Less WC US$
-$6.84 $0.00 $0.00 $0.00 $0.00 $16.10 CFPS - Less WC US$
-$2.98 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.11 Cash Flow per Share CDN$
-$6.67 $0.00 $0.00 $0.00 $0.00 $18.11 Cash Flow per Share CDN$
-$2.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.86 CFPS 5 yr Running CDN$
-$4.92 $0.00 $0.00 $0.00 $0.00 $13.86 CFPS 5 yr Running CDN$
-$405.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,920.6 Cash Flow less WC CDN$
-$723.4 $0.0 $0.0 $0.0 $0.0 $1,920.6 Cash Flow less WC CDN$
-$341.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,532.6 CF less WC 5 Yr Run CDN$
-$560.7 $0.0 $0.0 $0.0 $0.0 $1,532.6 CF less WC 5 Yr Run CDN$
-$3.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.75 CFPS - Less WC CDN$
-$8.88 $0.00 $0.00 $0.00 $0.00 $22.75 CFPS - Less WC CDN$
OPM 9.86% 7.58% 8.21% 10.54% 8.35% 6.75% 10.61% 10.49% 16.16% 11.85% 11.03% 13.48% 12.66% 12.26% 54.14% <-Total Growth 10 OPM CDN$
Increase 12.32% -23.10% 8.28% 28.42% -20.77% -19.16% 57.09% -1.07% 53.94% -26.67% -6.93% 22.26% -6.12% -3.16% Should increase  or be stable. CDN$
Diff from Median -8.9% -29.9% -24.1% -2.5% -22.8% -37.6% -1.9% -3.0% 49.4% 9.5% 1.9% 24.6% 17.0% 13.3% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 10.82% 5 Yrs 12.66% should be  zero, it is a   check on calculations CDN$
$1,236 <-12 mths -6.40%
Adjusted EBITDA CDN$ $209.40 $275.50 $349.32 $452.69 $442.35 $514.48 $686.28 $864.50 $890.72 $1,364.76 $1,930.05 $1,571.17 $1,900.75 444.12% <-Total Growth 10 Adjusted EBITDA CDN$
Adjusted EBITDA US$ $210.47 $259.03 $301.11 $326.91 $329.45 $410.11 $503.07 $665.61 $699.59 $1,076.48 $1,425.02 $1,187.94 $1,320.97 $1,362 $1,544 $1,715 338.70% <-Total Growth 10 Adjusted EBITDA US$
Change 23.07% 16.25% 8.57% 0.78% 24.48% 22.67% 32.31% 5.10% 53.87% 32.38% -16.64% 11.20% 3.11% 13.36% 11.08% 16.93% <-Median-> 10 Change
Margin 7.96% 8.21% 10.30% 10.21% 11.32% 13.68% 13.31% 17.72% 17.54% 28.47% 19.74% 13.48% 17.56% 16.22% 17.89% 18.83% 15.61% <-Median-> 10 Margin
Long Term Debt US$ $791.75 $708.50 $1,394.48 $1,166.35 $1,180.32 $1,152.63 $1,071.75 $1,302.00 $829.55 $1,244.51 $1,278.67 $1,709.83 $2,309.43 $2,309.43 65.61% <-Total Growth 10 Debt US$
Change -10.51% 96.82% -16.36% 1.20% -2.35% -7.02% 21.48% -36.29% 50.02% 2.75% 33.72% 35.07% 0.00% 1.97% <-Median-> 10 Change US$
Debt/Market Cap Ratio 0.43 0.32 0.53 0.69 0.49 0.52 0.48 0.47 0.17 0.12 0.15 0.15 0.20 0.33 0.34 <-Median-> 10 Debt/Market Cap Ratio US$
Assets/Current Liabilities 5.75 6.08 4.51 3.16 7.05 6.96 6.17 7.20 5.88 4.09 5.70 5.89 7.12 7.12 6.03 <-Median-> 10 Assets/Current Liabilities US$
Current Liabilities/Asset Ratio 0.17 0.16 0.22 0.32 0.14 0.14 0.16 0.14 0.17 0.24 0.18 0.17 0.14 0.14 0.17 <-Median-> 10 Current Liabilities/Asset Ratio US$
Debt to Cash Flow (Years) 2.54 3.20 5.30 3.80 4.71 4.52 2.69 3.11 1.36 1.45 1.32 1.69 2.17 2.18 2.43 <-Median-> 10 Debt to Cash Flow (Years) US$
Long Term Debt CDN$ $787.71 $753.56 $1,617.74 $1,615.10 $1,584.82 $1,445.97 $1,462.08 $1,691.04 $1,056.18 $1,577.79 $1,731.83 $2,261.42 $3,323.04 $3,332.04 105.41% <-Total Growth 10 Debt CDN$
Change -4.34% 114.68% -0.16% -1.88% -8.76% 1.11% 15.66% -37.54% 49.39% 9.76% 30.58% 46.94% 0.27% 5.44% <-Median-> 10 Change CDN$
Debt/Market Cap Ratio 0.43 0.32 0.53 0.70 0.49 0.49 0.48 0.47 0.17 0.12 0.15 0.15 0.20 0.33 0.34 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities 5.75 6.08 4.51 3.16 7.05 6.96 6.17 7.20 5.88 4.09 5.70 5.89 7.12 7.12 6.03 <-Median-> 10 Assets/Current Liabilities CDN$
Current Liabilities/Asset Ratio 0.17 0.16 0.22 0.32 0.14 0.14 0.16 0.14 0.17 0.24 0.18 0.17 0.14 0.14 0.17 <-Median-> 10 Current Liabilities/Asset Ratio CDN$
Debt to Cash Flow (Years) 2.54 3.20 5.30 3.80 4.71 4.52 2.69 3.11 1.36 1.45 1.32 1.69 2.17 2.18 2.43 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles US$ $870.23 $799.84 $1,377.20 $1,128.37 $340.21 $351.58 $310.16 $1,158.89 $565.53 $368.11 $310.78 $536.22 $701.34 $701.34 -49.07% <-Total Growth 10 Intangibles US$ US$
Goodwill $0.00 $0.00 $0.00 $0.00 $1,129.33 $1,108.98 $1,083.69 $834.38 $1,184.24 $1,424.81 $1,281.33 $1,483.08 $1,921.61 $0.00 #DIV/0! <-Total Growth 10 Goodwill US$
Total $870.23 $799.84 $1,377.20 $1,128.37 $1,973.15 $1,832.27 $1,901.50 $2,588.85 $1,749.77 $1,792.92 $1,592.11 $2,019.30 $2,622.95 $701.34 90.45% <-Total Growth 10 Total US$
Change 3.37% -8.09% 72.18% -18.07% 74.87% -7.14% 3.78% 36.15% -32.41% 2.47% -11.20% 26.83% 29.89% -73.26% 3.12% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.47 0.36 0.53 0.67 0.82 0.83 0.85 0.94 0.36 0.17 0.18 0.18 0.23 0.10 0.52 <-Median-> 10 Intangible/Market Cap Ratio US$
Intangibles CDN$ $865.80 $850.71 $1,597.70 $1,562.50 $456.79 $441.06 $423.13 $1,505.16 $720.04 $466.69 $420.92 $709.21 $1,009.16 $1,011.90 -36.84% <-Total Growth 10 Intangibles CDN$ CDN$
Goodwill $0.00 $0.00 $0.00 $0.00 $1,516.36 $1,391.21 $1,478.37 $1,083.69 $1,507.77 $1,806.38 $1,735.44 $1,961.52 $2,765.00 $0.00 #DIV/0! <-Total Growth 10 Goodwill CDN$
Total $865.80 $850.71 $1,597.70 $1,562.50 $1,973.15 $1,832.27 $1,901.50 $2,588.85 $2,227.81 $2,273.07 $2,156.35 $2,670.73 $3,774.16 $1,011.90 136.23% <-Total Growth 10 Total CDN$
Change 1.12% -1.74% 87.81% -2.20% 26.28% -7.14% 3.78% 36.15% -13.95% 2.03% -5.13% 23.85% 41.32% -73.19% 2.90% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.47 0.36 0.53 0.68 0.62 0.63 0.62 0.72 0.36 0.17 0.18 0.18 0.23 0.10 0.49 <-Median-> 10 Intangible/Market Cap Ratio CDN$
Current Assets US$ $445.21 $444.08 $548.18 $591.02 $472.23 $520.06 $519.75 $526.58 $652.77 $1,162.26 $1,263.56 $1,336.00 $1,037.05 $1,037.05 Liquidity ratio of 1.5 and up, best US$
Current Liabilities $369.87 $319.27 $657.80 $771.50 $429.83 $427.06 $481.05 $487.62 $654.46 $1,406.12 $966.68 $1,066.11 $1,003.65 $1,003.65 1.08 <-Median-> 10 Ratio US$
Liquidity Ratio 1.20 1.39 0.83 0.77 1.10 1.22 1.08 1.08 1.00 0.83 1.31 1.25 1.03 1.03 1.03 <-Median-> 5 Ratio US$
Curr Long Term Db $20.61 $19.60 $254.19 $403.78 $30.16 $41.79 $89.68 $41.31 $43.00 $363.59 $363.59 $174.35 $174.35
Assets US$ $2,125.0 $1,941.1 $2,964.0 $2,439.3 $3,032.2 $2,971.4 $2,968.7 $3,508.8 $3,849.4 $5,753.1 $5,505.8 $6,283.6 $7,145.8 $7,145.8 Debt Ratio of 1.5 and up, best US$
Liabilities $1,393.9 $1,197.6 $2,076.7 $1,697.4 $1,945.8 $1,843.4 $1,812.9 $2,349.5 $2,059.2 $3,532.8 $3,042.8 $3,692.2 $4,472.6 $4,472.6 1.62 <-Median-> 10 Ratio US$
Debt Ratio 1.52 1.62 1.43 1.44 1.56 1.61 1.64 1.49 1.87 1.63 1.81 1.70 1.60 1.60 1.70 <-Median-> 5 Ratio US$
Estimates BVPS $35.71 $40.42 $52.36 Estimates Estimates BVPS US$
Estimate Book Value $3,014.2 $3,411.8 $4,419.6 Estimates Estimate Book Value US$
P/B Ratio (Close) 2.34 2.07 1.59 Estimates P/B Ratio (Close) US$
Difference from 10 year median -5.44% Diff M/C Estimates Difference from 10 yr med. US$
Book Value US$ $731.1 $743.5 $887.3 $741.9 $1,086.4 $1,128.0 $1,155.9 $1,159.3 $1,790.2 $2,220.3 $2,463.1 $2,591.4 $2,673.3 $2,673.3 201.27% <-Total Growth 10 Book Value US$
NCI & Deb $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 US$
Book Value $731.1 $743.5 $887.3 $741.9 $1,086.4 $1,128.0 $1,155.9 $1,159.3 $1,790.2 $2,220.3 $2,463.1 $2,591.4 $2,673.3 $2,673.3 $2,673.3 $2,673.3 201.27% <-Total Growth 10 Book Value US$
Book Value per Share $7.88 $7.96 $8.67 $7.60 $11.86 $12.66 $13.38 $14.23 $19.17 $24.09 $28.46 $30.69 $31.67 $31.67 $31.67 $31.67 265.21% <-Total Growth 10 Book Value per Share US$
Change 11.88% 1.01% 8.94% -12.37% 56.11% 6.69% 5.70% 6.39% 34.67% 25.70% 18.13% 7.82% 3.20% 0.00% 0.00% 0.00% 24.61% P/B Ratio Current/Historical Median US$
P/B Ratio (Median) 2.13 2.66 2.67 2.72 1.70 1.85 2.22 2.10 1.84 3.56 3.24 3.86 4.60 3.71 2.12 P/B Ratio Historical Median US$
P/B Ratio (Close) 2.54 2.97 2.95 2.27 2.20 1.97 1.94 2.37 2.69 4.65 3.52 4.43 4.27 2.64 2.64 2.64 13.83% <-IRR #YR-> 10 Book Value 265.21% US$
Change 38.69% 17.12% -0.80% -23.01% -2.89% -10.83% -1.40% 22.53% 13.32% 72.91% -24.31% 25.81% -3.73% -38.20% 0.00% 0.00% 17.35% <-IRR #YR-> 5 Book Value 122.51% US$
Leverage (A/BK) 2.91 2.61 3.34 3.29 2.79 2.63 2.57 3.03 2.15 2.59 2.24 2.42 2.67 2.67 2.61 <-Median-> 10 A/BV US$
Debt/Equity Ratio 1.91 1.61 2.34 2.29 1.79 1.63 1.57 2.03 1.15 1.59 1.24 1.42 1.67 1.67 1.61 <-Median-> 10 Debt/Eq Ratio US$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.47 5 yr Med 3.56 6.62% Diff M/C 2.67 Historical Leverage (A/BK) US$
-$8.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.67
-$14.23 $0.00 $0.00 $0.00 $0.00 $31.67
Current Assets CDN$ $442.94 $472.32 $635.95 $818.41 $634.06 $652.41 $709.05 $683.93 $831.11 $1,473.51 $1,711.37 $1,766.99 $1,492.21 $1,496.25 Liquidity ratio of 1.5 and up, best CDN$
Current Liabilities $367.98 $339.58 $763.11 $1,068.33 $577.14 $535.75 $656.25 $633.32 $833.26 $1,782.68 $1,309.27 $1,410.04 $1,444.15 $1,448.07 1.08 <-Median-> 10 Ratio CDN$
Liquidity Ratio 1.20 1.39 0.83 0.77 1.10 1.22 1.08 1.08 1.00 0.83 1.31 1.25 1.03 1.03 1.03 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 1.92 1.94 1.16 1.10 1.57 1.69 1.80 1.81 1.81 1.37 2.22 2.09 1.96 1.94 1.96 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.38 1.55 0.56 1.01 1.41 1.40 1.16 1.11 1.15 0.75 2.22 1.20 0.87 1.94 1.15 <-Median-> 5 Ratio CDN$
Curr Long Term Db $20.51 $20.85 $294.89 $559.14 $40.50 $52.43 $122.34 $53.65 $54.74 $460.95 $492.44 $230.60 $250.87 $0.00 1.29 <-Median-> 10 Ratio CDN$
Liquidity Less CLTD 1.27 1.48 1.36 1.61 1.18 1.35 1.33 1.18 1.07 1.11 2.10 1.50 1.25 1.03 1.25 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 2.03 2.07 1.88 2.31 1.69 1.87 2.21 1.98 1.94 1.85 3.55 2.50 2.37 1.94 2.37 <-Median-> 5 Ratio CDN$
Assets CDN$ $2,114.1 $2,064.6 $3,438.6 $3,377.9 $4,071.3 $3,727.6 $4,050.0 $4,557.3 $4,901.0 $7,293.8 $7,457.1 $8,310.7 $10,282.2 $10,310.0 Debt Ratio of 1.5 and up, best
Liabilities $1,386.8 $1,273.8 $2,409.2 $2,350.5 $2,612.6 $2,312.5 $2,473.1 $3,051.6 $2,621.8 $4,478.9 $4,121.1 $4,883.3 $6,435.6 $6,453.0 1.62 <-Median-> 10 Ratio CDN$
Debt Ratio 1.52 1.62 1.43 1.44 1.56 1.61 1.64 1.49 1.87 1.63 1.81 1.70 1.60 1.60 1.70 <-Median-> 5 Ratio CDN$
Check Book Value CDN$ $2,279.3 $2,814.9 $3,336.0 $3,427.4 $3,846.6 $3,857.0
Book Value $727.4 $790.8 $1,029.4 $1,027.4 $1,458.7 $1,415.1 $1,576.9 $1,505.7 $2,279.3 $2,814.9 $3,336.0 $3,427.4 $3,846.6 $3,857.0 273.67% <-Total Growth 10 Book Value CDN$
NCI & Deb $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 CDN$
Book Value $727.4 $790.8 $1,029.4 $1,027.4 $1,458.7 $1,415.1 $1,576.9 $1,505.7 $2,279.3 $2,814.9 $3,336.0 $3,427.4 $3,846.6 $3,857.0 $3,857.0 $3,857.0 273.67% <-Total Growth 10 Book Value CDN$
Book Value per Share $7.84 $8.47 $10.06 $10.52 $15.93 $15.88 $18.25 $18.49 $24.40 $30.55 $38.55 $40.59 $45.57 $45.69 $45.69 $45.69 352.98% <-Total Growth 10 Book Value per Share CDN$
Change 9.45% 7.98% 18.82% 4.60% 51.37% -0.32% 14.94% 1.29% 32.01% 25.17% 26.20% 5.29% 12.27% 0.27% 0.00% 0.00% 22.13% P/B Ratio Current/Historical Median CDN$
P/B Ratio (Median) 2.13 2.66 2.62 2.51 1.73 1.97 2.14 2.15 1.91 3.49 3.13 3.97 4.33 3.50 2.15 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 2.53 2.98 2.94 2.24 2.20 2.07 1.93 2.39 2.69 4.64 3.52 4.44 4.26 2.62 2.62 2.62 16.31% <-IRR #YR-> 10 Book Value 352.98% CDN$
Change 40.12% 17.79% -1.42% -23.72% -2.12% -5.76% -6.54% 23.40% 12.51% 72.96% -24.26% 26.23% -4.01% -38.51% 0.00% 0.00% 19.78% <-IRR #YR-> 5 Book Value 146.52% CDN$
Leverage (A/BK) 2.91 2.61 3.34 3.29 2.79 2.63 2.57 3.03 2.15 2.59 2.24 2.42 2.67 2.67 2.61 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 1.91 1.61 2.34 2.29 1.79 1.63 1.57 2.03 1.15 1.59 1.24 1.42 1.67 1.67 1.61 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.33 5 yr Med 3.49 12.64% Diff M/C 2.85 Historical Leverage (A/BK) CDN$
-$10.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $45.57
-$18.49 $0.00 $0.00 $0.00 $0.00 $45.57
Comprehensive Income US$ $144.92 $91.06 $111.24 $130.70 $480.50 $79.70 $264.46 $203.12 $292.73 $681.89 $799.34 $553.00 $300.77 170.38% <-Total Growth 10 Comprehensive Income US$
Increase 46.19% -37.16% 22.16% 17.50% 267.62% -83.41% 231.82% -23.20% 44.12% 132.94% 17.23% -30.82% -45.61% 17.23% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $85 $90 $110 $115 $192 $179 $213 $232 $264 $304 $448 $506 $526 10.46% <-IRR #YR-> 10 Comprehensive Income 170.38% US$
ROE 19.8% 12.2% 12.5% 17.6% 44.2% 7.1% 22.9% 17.5% 16.4% 30.7% 32.5% 21.3% 11.3% 8.17% <-IRR #YR-> 5 Comprehensive Income 48.08% US$
5Yr Median 14.7% 14.7% 14.7% 14.7% 17.6% 12.5% 17.6% 17.6% 17.5% 17.5% 22.9% 21.3% 21.3% 16.90% <-IRR #YR-> 10 5 Yr Running Average 376.46% US$
% Difference from NI -6.5% 55.3% 0.9% 10.7% 0.9% -36.7% 23.6% -15.0% 6.2% 2.6% -2.9% 9.5% -28.8% 17.80% <-IRR #YR-> 5 5 Yr Running Average 126.83% US$
Median Values Diff 5, 10 yr 1.8% 2.6% 21.3% <-Median-> 5 Return on Equity
-$111.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $300.8
-$203.1 $0.0 $0.0 $0.0 $0.0 $300.8
-$110.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $525.5
-$231.7 $0.0 $0.0 $0.0 $0.0 $525.5
Current Liability Coverage Ratio 1.06 0.97 0.53 0.46 0.77 0.88 1.03 1.14 1.07 0.76 1.47 1.14 1.35 1.05   CFO / Current Liabilities US$
5 year Median 0.92 0.97 0.97 0.92 0.77 0.77 0.77 0.88 1.03 1.03 1.07 1.14 1.14 1.14 1.14 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio 18.43% 16.01% 11.80% 14.68% 10.85% 12.61% 16.62% 15.87% 18.21% 18.56% 25.81% 19.27% 19.01% 14.80% CFO / Total Assets US$
5 year Median 15.01% 16.01% 16.01% 15.01% 14.68% 12.61% 12.61% 14.68% 15.87% 16.62% 18.21% 18.56% 19.01% 19.01% 19.0% <-Median-> 5 Return on Assets  US$
Return on Assets ROA 7.29% 3.02% 3.72% 4.84% 15.71% 4.24% 7.21% 6.81% 7.16% 11.55% 14.95% 8.03% 5.91% 6.26% Net  Income/Assets Return on Assets US$
5Yr Median 4.91% 4.87% 4.87% 4.84% 4.84% 4.24% 4.84% 6.81% 7.16% 7.16% 7.21% 8.03% 8.03% 8.03% 8.0% <-Median-> 5 Asset Efficiency Ratio US$
Return on Equity ROE 21.20% 7.89% 12.43% 15.91% 43.85% 11.16% 18.52% 20.60% 15.40% 29.92% 33.42% 19.48% 15.80% 16.73% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 14.93% 14.93% 14.93% 14.93% 15.91% 12.43% 15.91% 18.52% 18.52% 18.52% 20.60% 20.60% 19.48% 19.48% 19.5% <-Median-> 5 Return on Equity US$
$405 <-12 mths -4.08%
Adjusted Net Income US$ $235.8 $259.0 $299.8 $498.3 $731.7 $538.3 $489.5 #DIV/0! <-Total Growth 6 Net Income US$
Net Income.US$ $155.0 $58.6 $110.3 $118.0 $476.3 $125.9 $214.0 $238.9 $275.7 $664.4 $823.2 $504.9 $422.5 $447 $618 283.15% <-Total Growth 10 Net Income US$
Increase 54.18% -62.17% 88.07% 7.04% 303.58% -73.56% 69.96% 11.60% 15.41% 140.99% 23.91% -38.67% -16.32% 5.87% 38.12% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $87.2 $85.9 $105.9 $108.5 $183.6 $177.8 $208.9 $234.6 $266.2 $303.8 $443.2 $501.4 $538.1 $572.5 $563.1 14.38% <-IRR #YR-> 10 Net Income 283.15% US$
Operating Cash Flow $311.2 $221.7 $262.9 $306.9 $250.4 $255.2 $398.4 $418.5 $610.9 $855.4 $971.6 $1,013.8 $1,062.7 12.08% <-IRR #YR-> 5 Net Income 76.88% US$
Investment Cash Flow -$145.8 -$80.1 -$693.8 -$70.9 -$48.1 -$87.3 -$265.7 -$310.3 -$378.5 -$1,162.7 $223.4 -$797.3 -$1,244.6 17.65% <-IRR #YR-> 10 5 Yr Running Average 408.12% US$
Total Accruals -$10.4 -$83.0 $541.2 -$118.0 $274.0 -$41.9 $81.4 $130.7 $43.3 $971.7 -$371.8 $288.4 $604.4 18.06% <-IRR #YR-> 5 5 Yr Running Average 129.34% US$
Total Assets $2,125.0 $1,941.1 $2,964.0 $2,439.3 $3,032.2 $2,971.4 $2,968.7 $3,508.8 $3,849.4 $5,753.1 $5,505.8 $6,283.6 $7,145.8 Balance Sheet Assets
Accruals Ratio -0.49% -4.28% 18.26% -4.84% 9.04% -1.41% 2.74% 3.72% 1.12% 16.89% -6.75% 4.59% 8.46% 4.59% <-Median-> 5 Ratio
EPS/CF Ratio 0.37 0.19 0.32 0.32 1.39 0.32 0.41 0.43 0.40 0.60 0.55 0.40 0.31 0.41 <-Median-> 10 EPS/CF Ratio
-$110.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $422.5
-$238.9 $0.0 $0.0 $0.0 $0.0 $422.5
-$105.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $538.1
-$234.6 $0.0 $0.0 $0.0 $0.0 $538.1
Comprehensive Income $144.18 $96.86 $129.05 $180.99 $645.16 $99.98 $360.78 $263.81 $372.70 $864.49 $1,082.63 $731.40 $432.78 235.36% <-Total Growth 10 Comprehensive Income CDN$
Increase 43.02% -32.82% 33.24% 40.25% 256.46% -84.50% 260.84% -26.88% 41.28% 131.95% 25.23% -32.44% -40.83% 25.23% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $88 $91 $115 $130 $239 $230 $283 $310 $348 $392 $589 $663 $697 12.86% <-IRR #YR-> 10 Comprehensive Income 235.36% CDN$
ROE 19.8% 12.2% 12.5% 17.6% 44.2% 7.1% 22.9% 17.5% 16.4% 30.7% 32.5% 21.3% 11.3% 10.41% <-IRR #YR-> 5 Comprehensive Income 64.05% CDN$
5Yr Median 15.6% 14.7% 14.7% 14.7% 17.6% 12.5% 17.6% 17.6% 17.5% 17.5% 22.9% 21.3% 21.3% 19.73% <-IRR #YR-> 10 5 Yr Running Average 505.39% CDN$
% Difference from NI -6.5% 55.3% 0.9% 10.7% 0.9% -36.7% 23.6% -15.0% 6.2% 2.6% -2.9% 9.5% -28.8% 17.57% <-IRR #YR-> 5 5 Yr Running Average 124.67% CDN$
Median Values Diff 5, 10 yr 1.8% 2.6% 21.3% <-Median-> 5 Return on Equity
-$129.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $432.8
-$263.8 $0.0 $0.0 $0.0 $0.0 $432.8
-$115.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $696.8
-$310.1 $0.0 $0.0 $0.0 $0.0 $696.8
Current Liability Coverage Ratio 1.06 0.97 0.53 0.46 0.77 0.88 1.03 1.14 1.07 0.76 1.44 1.14 1.33 1.05   CFO / Current Liabilities CDN$
5 year Median 0.92 0.97 0.97 0.92 0.77 0.77 0.77 0.88 1.03 1.03 1.07 1.14 1.14 1.14 1.14 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 18.43% 16.01% 11.80% 14.68% 10.85% 12.61% 16.62% 15.87% 18.25% 18.57% 25.28% 19.35% 18.68% 14.80% CFO / Total Assets CDN$
5 year Median 15.01% 16.01% 16.01% 15.01% 14.68% 12.61% 12.61% 14.68% 15.87% 16.62% 18.25% 18.57% 18.68% 18.68% 18.7% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA 7.29% 3.02% 3.72% 4.84% 15.71% 4.24% 7.21% 6.81% 7.16% 11.55% 14.95% 8.03% 5.91% 6.26% Net  Income/Assets Return on Assets CDN$
5Yr Median 4.91% 4.87% 4.87% 4.84% 4.84% 4.24% 4.84% 6.81% 7.16% 7.16% 7.21% 8.03% 8.03% 8.03% 8.0% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE 21.20% 7.89% 12.43% 15.91% 43.85% 11.16% 18.52% 20.60% 15.40% 29.92% 33.42% 19.48% 15.80% 16.73% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 15.63% 14.93% 14.93% 14.93% 15.91% 12.43% 15.91% 18.52% 18.52% 18.52% 20.60% 20.60% 19.48% 19.48% 19.5% <-Median-> 5 Return on Equity CDN$
$585 <-12 mths -3.82%
Adjusted Net Income $154.2 $101.7 $153.7 $145.7 $157.1 $192.6 $321.6 $336.4 $381.7 $631.7 $991.0 $712.0 $704.4 358.28% <-Total Growth 10 Net Income CDN$
Net Income $154.2 $62.4 $127.9 $163.4 $639.6 $158.0 $292.0 $310.2 $351.0 $842.3 $1,115.0 $667.8 $607.9 $645.4 $891.4 375.24% <-Total Growth 10 Net Income CDN$
Increase 50.83% -59.55% 105.14% 27.77% 291.33% -75.30% 84.82% 6.25% 13.14% 139.97% 32.38% -40.11% -8.96% 6.16% 38.12% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $90.3 $86.9 $110.3 $122.0 $229.5 $230.3 $276.2 $312.6 $350.2 $390.7 $582.1 $657.2 $716.8 $775.7 $785.5 16.87% <-IRR #YR-> 10 Net Income 375.24% CDN$
Operating Cash Flow $309.6 $235.8 $305.0 $424.9 $336.3 $320.2 $543.5 $543.5 $777.7 $1,084.4 $1,316.0 $1,340.9 $1,529.0 14.40% <-IRR #YR-> 5 Net Income 95.96% CDN$
Investment Cash Flow -$145.1 -$85.2 -$804.9 -$98.2 -$64.6 -$109.6 -$362.5 -$403.0 -$481.9 -$1,474.0 $302.6 -$1,054.6 -$1,790.9 20.59% <-IRR #YR-> 10 5 Yr Running Average 550.13% CDN$
Total Accruals -$10.4 -$88.3 $627.8 -$163.3 $367.9 -$52.6 $111.0 $169.7 $55.1 $1,231.9 -$503.6 $381.4 $869.7 18.05% <-IRR #YR-> 5 5 Yr Running Average 129.26% CDN$
Total Assets $2,114.1 $2,064.6 $3,438.6 $3,377.9 $4,071.3 $3,727.6 $4,050.0 $4,557.3 $4,901.0 $7,293.8 $7,457.1 $8,310.7 $10,282.2 Balance Sheet Assets CDN$
Accruals Ratio -0.49% -4.28% 18.26% -4.84% 9.04% -1.41% 2.74% 3.72% 1.12% 16.89% -6.75% 4.59% 8.46% 4.59% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.37 0.19 0.32 0.32 1.39 0.32 0.41 0.43 0.40 0.60 0.56 0.40 0.31 0.41 <-Median-> 10 EPS/CF Ratio CDN$
-$127.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $607.9
-$310.2 $0.0 $0.0 $0.0 $0.0 $607.9
-$110.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $716.8
-$312.6 $0.0 $0.0 $0.0 $0.0 $716.8
Chge in Close 53.36% 27.19% 17.14% -20.21% 48.16% -6.06% 7.43% 24.99% 48.53% 116.50% -4.41% 32.91% 7.77% -38.34% 0.00% 0.00% Count 30 Years of data CDN$
up/down down down up down down up down Count 17 56.67% CDN$
Meet Prediction? yes yes yes yes yes % right Count 13 76.47% CDN$
Financial Cash Flow US$ -$165.39 -$141.62 $430.93 -$235.98 -$177.24 -$170.80 -$8.07 -$189.51 -$228.08 $322.30 -$1,067.24 -$28.07 -$164.44 US$
Financial Cash Flow CDN$ -$164.55 -$150.63 $499.93 -$326.77 -$237.98 -$214.26 -$11.01 -$246.14 -$290.40 $408.61 -$1,445.47 -$37.12 -$236.61 C F Statement  Financial Cash Flow CDN$
Total Accruals $154.18 $62.36 $127.92 $163.44 $605.93 $161.64 $121.99 $415.84 $345.52 $823.27 $941.86 $418.52 $1,106.35 Accruals CDN$
Accruals Ratio 7.29% 3.02% 3.72% 4.84% 14.88% 4.34% 3.01% 9.12% 7.05% 11.29% 12.63% 5.04% 10.76% 10.76% <-Median-> 5 Ratio CDN$
Cash US$ $0.0 $0.0 $0.0 $0.0 $2.7 $0.0 $0.0 $0.0 $4.3 $19.3 $147.1 $335.6 $0.0 $0.00 US$
Cash CDN$ $0.0 $0.0 $0.0 $0.0 $3.7 $0.0 $0.0 $0.0 $5.5 $24.5 $199.3 $443.8 $0.0 $0.0 Yes, 0 Cash CDN$
Cash per Share $0.00 $0.00 $0.00 $0.00 $0.04 $0.00 $0.00 $0.00 $0.06 $0.27 $2.30 $5.26 $0.00 $0.00 $0.27 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 0.00% 0.00% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.09% 0.19% 1.70% 2.92% 0.00% 0.00% 0.19% <-Median-> 5 % of Stock Price CDN$
Barry Schwartz 17 April 2017
A number of analysts downgraded it for the first quarter.  We saw preannounced lousy results from US truckers recently.  
He thinks that at the end of the day, since they are very good capital allocators, that this will be a gift from the gods.
TransForce owns a portfolio of trucking, package delivery, logistics, waste management, and energy services companies. The courier division—whose operating companies include Loomis, ICS, and 
Canpar—is TransForce’s fastest-growing business and is benefiting from e-commerce growth. “When you buy something online, you have to get it delivered.”
With a forward price-to-earnings multiple of less than 10, the stock recently pulled back and is “starting to create a nice buying opportunity.”
http://www.moneyshow.com/investing/article/1/GI_InvClinic-31196/6-Canadian-Dividend-Stocks-That-Fly-Under-the-Radar/
TransForce owns a portfolio of trucking, package delivery, logistics, waste management, and energy services companies. The courier division—whose operating companies include Loomis, ICS, and Canpar—
is TransForce’s fastest-growing business and is benefiting from e-commerce growth. “When you buy something online, you have to get it delivered.”
With a forward price-to-earnings multiple of less than 10, the stock recently pulled back and is “starting to create a nice buying opportunity.”
Notes: 
February 23, 2025.  Last estimates were for 2024, 2025, 2026 of $8991M, $10014M, $10596M Revenue US$, $7.44, $9.28, $11.30 US$ AEPS, $7.28, $8.91 US$ EPS, 
$1.65, $1.89, $1.80 Dividends, $1248M, $920 2024 FCF, $11.60, $13.80, $13.40 US$ CFPS, $34.30, $41.20, $54.10 BVPS, $620M, $745M US$ 2024/5 Net Income.
February 25, 2024.  Last estimates were for 2023 and 2024 of $8400M, $8429M US$ for Revenue, $756, $866 and $10.27 for 2023/5 US$ for AEPS, $7.26 and $11.57 US$ for EPS,
 $1.35 and 1.51 US$ for Dividends, $810M and $920M US$ for FCF, $11.30 and 12.40 US$ for CFPS, $31.00 and $34.00 US$ for BVPS, $621M and $701M US$ for Net Income.
February 24, 2023.  Last estimates were for 2022, and 2023 in US$ of $8527M, $8687M for Revenue, $6.57, $7.04 for AEPS, 
$6.17 and $7.22 for EPS, $1.20 and $1.20 for Dividends, $7.35M and $856M for FCF, $12.020 and 12.80 for CFPS and $576M and $664M for Net Income.
February 27, 2022.  Last estimates were for 2021, 2022 and 2023 of $6190M, $7589M and $7721M US$ for Revenue, $2.94, $3.31 US$ for Adj EPS, $3.69, $4.62 and $5.65 US$ for EPS, 
$0.97, $1.03 and $1.25 US$ for Dividends, $463M, $572M and $698M US$ for FCF, $7.85, $9.99 and $11.10 US$ for CFPS, $429M, $524M and $626M US$ for Net Income.
March 15, 2021.  Company declared dividends in US$
February 23, 2021.  Last estimates were for 2020, 2021 and $2022 of $4770M, $5036M and $4800M for Revenue, $2.77, $3.70 and $4.17 for Adj EPS, $2.78, $3.48 and $3.64 for EPS,
$0.97, $1.07 and $1.12 for Dividends, $4.34M, $459M and $440M for FCF, $6.54, $7.75 and $7.53 for CFPS and $249M and $305M for Net Income for 2020 and 2021.
May 4, 2019.  Last estimates were for 2018, 2019 and 2020 of $4918M, $5050M and $5078M for Revenue, $2.65, 2.96 and $3.51 for Adj EPS, $2..29, $2.62 and $3.13 for EPS, 
$4.73 and $5.73 for CFPS for 2018 and 2019 and $209M, $234M ad $238M for Net Income.
April 29, 2018.  Last estimates were for 2017, 2018 and 2019 of $4723M, $4814M and $5027M for Revenue, $2.05, $2.20 and $2.93 for Adj EPS, $2.05, $2.20 and $2.93 for EPS, 
$3.68 for CFPS for 2017 and $188M, $218M and $275M for Net Income.
May 4, 2017. Last estimates were for 2016, 2017 and 2018 of 4021M, $4628M and $4713M for Revenue, $5.09, $2.41 and $2.63 Adjusted and EPS, 
$3.37 for CFPS for 2016 and $411M $227M and $245M for Net Income.
2016.  TransForce Inc. changed its nand TSX-TFI to TSX-TFII.
November 5, 2016.  Last estimates were for 2015, 2016 and 2017 of $4282M, $4300M and $4446M for Revenue, $1.74 and $1.97 for Adj EPS, $1.73 and $2.05 for EPS, $3.62, $6.62 and $3.16 for CFPS, $1.78. $211 and $2.16 for Net Income.
November 7, 2015.  Last estimates were for 2014,  2015 and 2016 of $3692M, $4354M and $4244M for Revenue, $1.49, $2.31 and $2.58 for EPS, $2.63 and $3.83 for CFPS for 2014 and 2015 and $143M, $224M and $256M for Net Income.
October 26, 2014.  Last estimates were for 2013 and 2014 of $3152.5M, 3291.4M for Revenue, $1.48 and $1.82 for EPS, $2.46 and $3.27 for CFPS.
Company was an income trust from 2002 to 2008.  When it changed to a corporation it dropped monthly distributions for quarterly distributions. Dividends dropped almost 75%.
2002 to 2008 as an income trust it was called TransForce Income Fund
Seo 2002.  TSX max chart only goes back to Sep 2002.
1999.  Company Changed its name to TFI International. 
1992.  It was acquired by Kingsway and renamed Cabano Kingsway Inc.
1985.  It was incorpoated in 1985 as Cabano 
1957.  founded by Emond Brothers
Sector:
Services, Industrial
What should this stock accomplish?
You buy this stock for diversification.
Expect some volitiality in growth and in dividends.  Overall dividends would be moderate (2-3% range) with moderate increases (8 to 17%).
Would I buy this company and Why.
If I was looking for an industrial stock, I would consider this stock.  
It is a dividend growth stock.
Adjusted net income and adjusted earnings per share
Net income and earnings per share excluding the after-tax effect of changes in the fair value of derivatives, net foreign exchange gain or loss, and of items that are not in the
Company’s normal business.
Why am I following this stock. 
I read a report called "6 Canadian Dividend Stocks That Fly Under the Radar" by John Heinzl in April of 2013.  This is one of the stocks mentioned.
There was also a good review of this stock by Advice Hotline by MPL Communications.
Why I bought this stock.
I bought this stock in 2017 because I liked the spreadsheet.  It is a stock recommended my MPL Communications.  
Dividends
Dividends are paid in Cycle 1, that is January, April, July and October.  Dividends are declared at the end of the month to be paid in the middle of the following month.
For example, the dividend payable for shareholders of record of December 31, 2013 was paid on January 15, 2014.
As of the April 2021 dividends, dividends are in US$ from CDN$.
How they make their money.
TFI International Inc is involved in the provision of transportation and logistics services across the United States, Canada, and Mexico.  Geographically, 
the company generates maximum revenue from the United States.   
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield (dividends and erarnings) 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 2017 Apr 29 2018 May 4 2019 April 26 2020 Feb 21 2021 Feb 27 2022 Feb 24 2023 Feb 25 2024 Feb 23 2025
Bédard, Alain 4.72% 4.249 4.92% 4.282 5.26% 4.350 4.66% 4.711 5.11% 4.419 5.11% 4.564 5.40% 4.618 5.47% 4.840 5.73% Seems to be selling options 4.80%
Chair & CEO - Shares - Amount $138.134 $149.995 $188.907 $285.052 $668.291 $599.250 $822.562 $897.082 $579.698
Options - percentage 3.82% 3.410 3.95% 2.992 3.67% 2.601 2.79% 1.796 1.95% 1.526 1.76% 1.499 1.78% 0.703 0.83% 0.381 0.45% -45.78%
Options - amount $111.791 $120.387 $131.998 $170.459 $254.847 $206.894 $270.210 $136.627 $45.680
Saperstein, Daivd Joseph 0.003 0.00% 0.004 0.00% 0.005 0.01% 0.007 0.01% 0.021 0.03% 0.027 0.03% 0.030 0.04% 12.77%
CFO - Shares - Amount $0.127 $0.235 $0.681 $1.014 $3.809 $5.158 $3.587
Options - percentage 0.036 0.04% 0.049 0.05% 0.057 0.06% 0.072 0.08% 0.058 0.07% 0.048 0.06% 0.038 0.04% -21.10%
Options - amount $1.609 $3.189 $8.128 $9.699 $10.454 $9.292 $4.521
Yan, Ping 0.010 0.01% 0.010 0.01% 0.010 0.01% 0.00%
Officer - Shares - Amount $1.820 $1.961 $1.209
Options - percentage 0.021 0.03% 0.021 0.03% 0.021 0.03% 0.00%
Options - amount $3.832 $4.130 $2.546
Paglia, Frank 0.004 0.00% 0.008 0.01% Cannot find, on site 93.78%
Officer - Shares - Amount $0.815 $0.973 re this officer, but 3 pages
Options - percentage 0.007 0.01% 0.000 0.04% of officers. Only on INK '24 -97.42%
Options - amount $1.410 $0.022
Avi-Karam, Leslie 0.001 0.00% 0.003 0.00% 166.90%
Director - Shares - Amount $0.223 $0.367
Options - percentage 0.001 0.00% 0.000 0.00% -100.00%
Options - amount $0.166 $0.000
Saputo, Joey 0.208 0.22% 0.208 0.24% 0.168 0.20% 0.169 0.20% 0.169 0.20% 0.24%
Director - Shares - Amount $13.614 $28.172 $30.344 $32.815 $20.282
Options - percentage 0.053 0.06% 0.055 0.06% 0.055 0.07% 0.001 0.00% 0.000 0.00% -100.00%
Options - amount $3.457 $7.402 $9.946 $0.166 $0.000
Manning, Neil Donald 0.016 0.02% 0.016 0.02% 0.016 0.02% 0.017 0.02% 0.017 0.02% -100.00%
Director - Shares - Amount $1.039 $1.048 $2.170 $2.994 $3.360
Options - percentage 0.030 0.03% 0.034 0.04% 0.035 0.04% 0.036 0.04% 0.001 0.00% -100.00%
Options - amount $1.956 $2.204 $4.785 $6.421 $0.166
Bérard, André 0.06% 0.053 0.06% 0.053 0.07% 0.053 0.06% 0.053 0.06% 0.053 0.06% 0.054 0.06% 0.054 0.06% 0.055 0.06% 0.74%
Lead Director- Shares - Amount $1.748 $1.878 $2.347 $3.486 $3.486 $7.214 $9.699 $10.565 $6.563
Options - percentage 0.10% 0.095 0.11% 0.101 0.12% 0.109 0.12% 0.113 0.12% 0.116 0.13% 0.117 0.14% 0.001 0.00% 0.000 0.00% -100.00%
Options - amount $2.829 $3.338 $4.469 $7.163 $7.427 $15.703 $21.114 $0.166 $0.000
Increase in O/S Shares 0.42% 0.358 0.40% 1.029 1.19% 1.462 1.80% 1.530 1.64% 0.913 0.98% 0.755 0.87% 0.512 0.61% 0.512 0.61% Average 43.72%
due to SO $13.485 $11.777 $36.324 $64.512 $100.249 $59.814 $102.384 $92.296 $99.453
Book Value $9.525 $9.877 $23.596 $28.356 $27.809 $36.581 $24.584 $46.364 $34.139
Insider Buying $0.000 -$0.129 $0.000 $0.000 -$0.241 -$0.241 -$1.581 -$2.301 -$2.495
Insider Selling $3.463 $5.419 $33.945 $22.060 $39.017 $35.822 $62.764 $33.549 $31.948
Net Insider Selling $3.463 $5.290 $33.945 $22.060 $38.777 $35.581 $61.183 $31.248 $29.452
% of Market Cap 0.12% 0.17% 0.94% 0.36% 0.30% 0.30% 0.40% 0.19% 0.29%
Directors 8 10 10 11 10 10 11 10
Women 0% 1 13% 3 30% 3 30% 4 36% 4 40% 4 40% 4 36% 4 40%
Minorities 0% 0 0% 0 0% 1 10% 1 9% 1 10% 1 10% 1 9% 1 10%
Institutions/Holdings 100 36.25% 126 30.62% 20 20.53% 20 59.29% 20 93.84% 20 9878.00% 20 86.66% 20 90.67%
Total Shares Held 32.074 37.12% 25.867 31.76% 17.065 20.95% 55.380 59.29% 87.312 100.89% 85.829 101.64% 73.175 86.69% 76.545 90.68%
Increase/Decrease 0.019 0.06% -5.511 -17.56% 0.353 2.11% 7.935 16.73% 9.124 11.67% 3.124 3.78% 2.331 3.29% 5.693 8.04%
Starting No. of Shares 32.055 31.378 16.712 Top 20 MS 47.445 Top 20 MS 78.188 Top 20 MS 82.705 Top 20 MS 70.844 Top 20 MS 70.852 Top 20 MS
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TransForce (Toronto: TFI)
Yield: 2.5%
Three-year dividend growth: 9.1%
My Stock