This report is for educational purposes only, and not to provide investment advice.  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. 9/30/24 Quarterly statements
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FirstService Corp TSX: FSV NASDAQ: FSV https://www.firstservice.com/ Fiscal Yr: Dec 31
Year 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 12/31/26 Value Description #Y Item Total G Currency
Accounting Rules US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP Accounting Rules 3rd Q Rep
USD - CDN$ 1.0213 0.9968 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.4079 1.4079 1.4079 USD - CDN$ Globenews
Change 2.44% -2.40% 6.70% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -2.35% 6.45% 0.00% 0.00% wire
Statement Currency Statement Currency
Split Date 5/29/15
Split 50.67% Split
Statements $1,038 $1,132
Percentage of Old FSV Stock 44.29% 41.71%
$4,930.8 <-12 mths 13.76%
Revenue US$ $1,127 $1,168 $1,188 $1,375 $1,264 $1,483 $1,705 $1,931 $2,407 $2,772 $3,249 $3,746 $4,335 $5,179 $5,555 $5,864 265.01% <-Total Growth 10 Revenue US$
Increase 11.98% 3.66% 1.65% 15.81% -8.09% 17.31% 15.01% 13.25% 24.64% 15.16% 17.19% 15.29% 15.72% 19.48% 7.26% 5.56% 13.82% <-IRR #YR-> 10 Revenue 265.01% US$
5 year Running Average $931 $1,006 $1,070 $1,173 $1,224 $1,296 $1,403 $1,552 $1,758 $2,060 $2,413 $2,821 $3,302 $3,856 $4,413 $4,936 17.55% <-IRR #YR-> 5 Revenue 124.42% US$
Revenue per Share $37.64 $38.85 $33.17 $38.41 $35.17 $41.37 $47.48 $53.68 $58.02 $63.61 $73.82 $84.70 $97.01 $115.91 $124.32 $131.24 11.92% <-IRR #YR-> 10 5 yr Running Average 208.46% US$
Increase 13.39% 3.22% -14.62% 15.80% -8.43% 17.63% 14.77% 13.05% 8.07% 9.64% 16.06% 14.73% 14.54% 19.48% 7.26% 5.56% 16.30% <-IRR #YR-> 5 5 yr Running Average 112.77% US$
5 year Running Average $31.18 $33.65 $34.40 $36.25 $36.65 $37.39 $39.12 $43.22 $47.15 $52.83 $59.32 $66.76 $75.43 $87.01 $99.15 $110.63 11.33% <-IRR #YR-> 10 Revenue per Share 192.46% US$
P/S (Price/Sales) Med 0.43 0.37 0.54 0.63 0.93 1.04 1.26 1.42 1.50 1.60 2.29 1.81 1.49 1.44 0.00 0.00 12.56% <-IRR #YR-> 5 Revenue per Share 80.71% US$
P/S (Price/Sales) Close 0.36 0.37 0.66 0.67 1.15 1.15 1.47 1.28 1.60 2.15 2.66 1.45 1.67 1.59 1.48 1.53 8.17% <-IRR #YR-> 10 5 yr Running Average 119.29% US$
*Revenue in M US$  P/S Med 20 yr  0.63 15 yr  1.04 10 yr  1.45 5 yr  1.60 9.68% Diff M/C 11.78% <-IRR #YR-> 5 5 yr Running Average 74.51% US$
$6,942.1 <-12 mths 21.09%
Revenue CDN* $1,151 $1,165 $1,263 $1,596 $1,750 $1,991 $2,139 $2,635 $3,127 $3,530 $4,119 $5,073 $5,733 $7,292 $7,821 $8,256 353.89% <-Total Growth 10 Revenue CDN$
Increase 14.71% 1.17% 8.46% 26.32% 9.71% 13.75% 7.45% 23.16% 18.67% 12.89% 16.70% 23.16% 13.00% 27.19% 7.26% 5.56% 16.33% <-IRR #YR-> 10 Revenue 353.89% CDN$
5 year Running Average $987 $1,056 $1,098 $1,236 $1,385 $1,553 $1,748 $2,022 $2,329 $2,684 $3,110 $3,697 $4,316 $5,149 $6,008 $6,835 16.82% <-IRR #YR-> 5 Revenue 117.57% CDN$
Revenue per Share $38.44 $38.73 $35.28 $44.56 $48.71 $55.55 $59.57 $73.23 $75.35 $80.98 $93.59 $114.71 $128.30 $163.19 $175.03 $184.77 14.67% <-IRR #YR-> 10 5 yr Running Average 293.24% CDN$
Increase 16.15% 0.74% -8.90% 26.30% 9.31% 14.05% 7.23% 22.94% 2.89% 7.47% 15.57% 22.57% 11.85% 27.19% 7.26% 5.56% 16.37% <-IRR #YR-> 5 5 yr Running Average 113.44% CDN$
5 year Running Average $33.07 $35.38 $35.23 $38.02 $41.14 $44.56 $48.73 $56.32 $62.48 $68.94 $76.54 $87.57 $98.59 $116.15 $134.96 $153.20 13.78% <-IRR #YR-> 10 Revenue per Share 263.68% CDN$
P/S (Price/Sales) Med 0.42 0.38 0.53 0.62 0.85 1.06 1.30 1.33 1.55 1.68 2.28 1.68 1.52 1.41 0.00 0.00 11.87% <-IRR #YR-> 5 Revenue per Share 75.20% CDN$
P/S (Price/Sales) Close 0.36 0.37 0.66 0.67 1.15 1.15 1.48 1.28 1.60 2.15 2.66 1.45 1.67 1.58 1.48 1.53 10.84% <-IRR #YR-> 10 5 yr Running Average 179.86% CDN$
*Revenue in M CDN$ (If a company cannot grow revenue, it cannot grow) P/S Med 20 yr  0.63 15 yr  1.06 10 yr  1.42 5 yr  1.68 11.29% Diff M/C 11.85% <-IRR #YR-> 5 5 yr Running Average 75.04% CDN$
-$1,263 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,733
-$2,634.9 $0.0 $0.0 $0.0 $0.0 $5,733
-$1,098 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,316
-$2,022.3 $0.0 $0.0 $0.0 $0.0 $4,316
-$35.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $128.30
-$73.23 $0.00 $0.00 $0.00 $0.00 $128.30
-$35.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $98.59
-$56.32 $0.00 $0.00 $0.00 $0.00 $98.59
Stopped using Adjusted EPS $1.55 <-12 mths 42.22%
Pre-split 15 $1.81 $1.62 $2.15
Adjusted EPS US$ $0.92 $0.82 $1.09 $2.55 $3.00 $3.32 -100.00% <-Total Growth 3 Earnings US$
Increase 12.42% -10.50% 32.72% 134.07% 17.65% 10.67% #NUM! <-IRR #YR-> 0 Earnings US$
Earnings Yield 6.8% 5.7% 5.0% 9.9% 7.4% 7.0% #NUM! <-IRR #YR-> 0 Earnings US$
5 year Running Average $0.76 $0.79 $0.87 $1.24 $1.68 $2.16 #NUM! <-IRR #YR-> 0 5 yr Running US$
P/E Med H/L 17.65 17.72 16.42 #NUM! <-IRR #YR-> -1 5 yr Running US$
P/E High 22.08 19.99 20.02 #NUM! <-Median-> 0 P/E High US$
P/E Low 13.22 15.44 12.81 #NUM! <-Median-> 0 P/E Low US$
P/E Close 14.64 17.44 20.02 #NUM! <-Median-> 0 P/E Close US$
Trailing P/E Close 16.67 16.35 13.14 #NUM! <-Median-> 0 P/E Close Tr US$
Payout Ratio 0.00% 0.00% 18.36% #NUM! <-Median-> 0 Payout Ratio US$
Median  5 Yrs 16.42 19.99 12.81 Net of Unusual Items
$0.00 $0.00 $1.09
$0.00 $0.00 $1.09
$0.00 $0.00 $0.87
$0.00 $0.00 $0.87
$4.76 <-12 mths 2.15%
Pre-split 15 $1.81 $1.62 $2.13 $2.73
AEPS* Dilued $0.92 $0.82 $1.08 $1.38 $1.20 $1.62 $1.99 $2.61 $3.00 $3.46 $4.57 $4.24 $4.66 $5.03 $5.63 $6.22 331.77% <-Total Growth 10 AEPS
Increase 12.42% -10.50% 31.48% 28.17% -13.25% 35.00% 22.84% 31.16% 14.94% 15.33% 32.08% -7.22% 9.91% 7.94% 11.93% 10.48% 10 0 10 Years of Data, EPS P or N 100.00% US$
5 year Running Average $0.76 $0.79 $0.87 $1.00 $1.08 $1.22 $1.45 $1.76 $2.08 $2.54 $3.13 $3.58 $3.99 $4.39 $4.83 $5.16 15.75% <-IRR #YR-> 10 AEPS 331.77% US$
AEPS Yield 6.83% 5.73% 4.95% 5.37% 2.97% 3.41% 2.85% 3.81% 3.22% 2.53% 2.33% 3.46% 2.87% 2.73% 3.05% 3.09% 12.29% <-IRR #YR-> 5 AEPS 78.54% US$
Payout Ratio 0.00% 0.00% 0.00% 28.92% 33.33% 26.54% 23.99% 20.21% 19.50% 18.64% 15.59% 18.63% 18.83% 19.38% 17.76% 16.08% 16.43% <-IRR #YR-> 10 5 yr Running Average 357.89% US$
5 year Running Average 0.00% 0.00% 0.00% 5.78% 12.45% 17.76% 22.56% 26.60% 24.72% 21.78% 19.59% 18.52% 18.24% 18.22% 18.04% 18.14% 17.75% <-IRR #YR-> 5 5 yr Running Average 126.39% US$
Price/AEPS Median 17.65 17.72 16.57 17.53 27.28 26.45 30.12 29.12 28.91 29.32 36.93 36.09 30.95 33.07 0.00 0.00 29.22 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High 22.08 19.99 20.21 20.84 35.16 32.43 36.31 33.61 35.80 41.68 44.22 45.58 35.42 37.94 0.00 0.00 35.61 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low 13.22 15.44 12.93 14.21 19.40 20.48 23.94 24.63 22.03 16.97 29.63 26.59 26.47 28.20 0.00 0.00 22.98 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close 14.64 17.44 20.21 18.63 33.69 29.31 35.14 26.24 31.01 39.53 42.99 28.90 34.78 36.68 32.77 32.33 32.35 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close 16.45 15.61 26.57 23.88 29.23 39.57 43.16 34.41 35.65 45.59 56.78 26.82 38.23 39.59 36.68 35.72 36.94 <-Median-> 10 Trailing P/AEPS Close US$
Median Values DPR 10 Yrs 19.86% 5 Yrs   18.64% P/CF 5 Yrs   in order 30.95 41.68 26.47 34.78 18.51% Diff M/C DPR 75% to 95% best US$
* Adjusted Earnings per Share
-$1.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.66
-$2.61 $0.00 $0.00 $0.00 $0.00 $4.66
-$0.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.99
-$1.76 $0.00 $0.00 $0.00 $0.00 $3.99
$6.70 <-12 mths 8.73%
AEPS* Dilued $0.94 $0.82 $1.15 $1.60 $1.66 $2.18 $2.50 $3.56 $3.90 $4.41 $5.79 $5.74 $6.16 $7.08 $7.93 $8.76 436.92% <-Total Growth 10 AEPS CDN$
Increase 15.17% -12.64% 40.29% 39.80% 3.55% 30.90% 14.77% 42.62% 9.43% 13.06% 31.52% -0.88% 7.33% 14.90% 11.93% 10.48% 10 0 10 Years of Data, EPS P or N 100.00% CDN$
5 year Running Average $0.81 $0.83 $0.89 $1.06 $1.23 $1.48 $1.82 $2.30 $2.76 $3.31 $4.03 $4.68 $5.20 $5.84 $6.54 $7.13 18.30% <-IRR #YR-> 10 AEPS 436.92% CDN$
AEPS Yield 6.86% 5.75% 4.95% 5.34% 2.97% 3.41% 2.84% 3.80% 3.22% 2.53% 2.33% 3.46% 2.87% 2.74% 3.07% 3.09% 11.60% <-IRR #YR-> 5 AEPS 73.10% CDN$
Payout Ratio 0.00% 0.00% 0.00% 28.92% 33.33% 26.54% 23.99% 20.21% 19.50% 18.64% 15.59% 18.63% 18.83% 19.38% 17.76% 16.08% 19.25% <-IRR #YR-> 10 5 yr Running Average 481.46% CDN$
5 year Running Average 0.00% 0.00% 0.00% 5.78% 12.45% 17.76% 22.56% 26.60% 24.72% 21.78% 19.59% 18.52% 18.24% 18.22% 18.04% 18.14% 17.73% <-IRR #YR-> 5 5 yr Running Average 126.13% CDN$
Price/AEPS Median 17.25 17.78 16.18 17.24 24.81 27.11 31.06 27.29 29.92 30.97 36.91 33.64 31.66 32.46 0.00 0.00 30.44 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 20.99 19.77 20.21 20.43 34.88 31.75 36.73 32.17 36.46 42.68 43.90 41.89 36.03 37.47 0.00 0.00 36.24 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 13.50 15.79 12.15 14.05 14.74 22.48 25.38 22.40 23.39 19.25 29.91 25.39 27.30 27.44 0.00 0.00 22.93 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 14.58 17.39 20.19 18.72 33.64 29.30 35.22 26.31 31.03 39.55 42.91 28.87 34.83 36.51 32.62 32.33 32.33 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 16.79 15.19 28.33 26.17 34.83 38.36 40.42 37.53 33.95 44.71 56.43 28.62 37.38 41.95 36.51 35.72 37.45 <-Median-> 10 Trailing P/AEPS Close CDN$
Median Values DPR 10 Yrs 19.86% 5 Yrs   18.64% P/CF 5 Yrs   in order 31.66 41.89 25.39 34.83 15.32% Diff M/C DPR 75% to 95% best
* Adjusted Earnings per Share
-$1.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.16
-$3.56 $0.00 $0.00 $0.00 $0.00 $6.16
-$0.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.20
-$2.30 $0.00 $0.00 $0.00 $0.00 $5.20
$2.40 <-12 mths 7.14%
Statements $0.09 $0.36
Percentage of Old FSV Stock -14.06% 30.25%
$8.14
Pre-split 15 $2.13 -$0.12 -$0.64 $1.20
EPS Basic US$ $1.08 -$0.06 -$0.32 $0.61 $0.59 $0.93 $1.48 $1.83 -$6.58 $2.04 $3.08 $2.74 $2.25 793.83% <-Total Growth 10 EPS Basic US$
Pre-Split '05
Pre-split 15 $2.03 -$0.12 -$0.64 $1.19
EPS Diluted US$ $1.03 -$0.06 -$0.32 $0.60 $0.59 $0.92 $1.45 $1.80 -$6.58 $2.02 $3.05 $2.72 $2.24 $3.14 $3.64 $4.36 790.74% <-Total Growth 10 EPS Diluted US$
Increase 1745.45% -105.91% -433.33% 285.94% -2.15% 55.93% 57.61% 24.14% -465.56% 130.70% 50.99% -10.82% -17.65% 40.00% 16.20% 19.65% 9 1 10 Years of Data, EPS P or N 90.00%
Earnings Yield 7.7% -0.4% -1.5% 2.3% 1.5% 1.9% 2.1% 2.6% -7.1% 1.5% 1.6% 2.2% 1.4% 1.7% 2.0% 2.2% #NUM! <-IRR #YR-> 10 Earnings per Share 790.74% US$
5 year Running Average $0.26 $0.16 -$0.05 $0.26 $0.37 $0.35 $0.65 $1.07 -$0.36 -$0.08 $0.35 $0.60 $0.69 $2.63 $2.96 $3.22 4.47% <-IRR #YR-> 5 Earnings per Share 24.44% US$
10 year Running Average $0.40 $0.36 $0.29 $0.32 $0.26 $0.30 $0.40 $0.51 -$0.05 $0.14 $0.35 $0.62 $0.88 $1.13 $1.44 $1.78 #NUM! <-IRR #YR-> 10 5 yr Running Average 1489.54% US$
* ESP per share (US, Diluted) E/P 10 Yrs 1.75% 5Yrs 1.48% -8.44% <-IRR #YR-> 5 5 yr Running Average -35.67% US$
$0.32 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.24
-$1.80 $0.00 $0.00 $0.00 $0.00 $2.24
$0.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.69
-$1.07 $0.00 $0.00 $0.00 $0.00 $0.69
$3.38 <-12 mths 13.55%
Pre-split 15
EPS Basic CDN$ $1.10 -$0.06 -$0.34 $0.71 $0.82 $1.25 $1.86 $2.50 -$8.55 $2.60 $3.90 $3.71 $2.98 962.78% <-Total Growth 10 EPS Basic CDN$
Pre-Split '05 CDN$
Pre-split 15
EPS Diluted CDN$ $1.05 -$0.06 -$0.34 $0.70 $0.82 $1.24 $1.82 $2.46 -$8.55 $2.57 $3.87 $3.68 $2.96 $4.42 $5.13 $6.14 958.95% <-Total Growth 10 EPS Diluted CDN$
Increase 1790.49% -105.77% 469.06% -302.81% 16.80% 51.20% 47.26% 34.99% -448.03% -130.09% 50.35% -4.73% -19.58% 49.03% 16.20% 19.65% 9 1 10 Years of Data, EPS P or N 90.00%
Earnings Yield 7.7% -0.4% -1.5% 2.3% 1.5% 1.9% 2.1% 2.6% -7.1% 1.5% 1.6% 2.2% 1.4% 1.7% 2.0% 2.2% #NUM! <-IRR #YR-> 10 Earnings per Share 958.95% CDN$
5 year Running Average $0.29 $0.18 -$0.06 $0.28 $0.43 $0.47 $0.85 $1.41 -$0.44 -$0.09 $0.43 $0.81 $0.91 $3.50 $4.01 $4.47 3.83% <-IRR #YR-> 5 Earnings per Share 20.65% CDN$
10 year Running Average $0.47 $0.42 $0.34 $0.37 $0.32 $0.38 $0.52 $0.67 -$0.08 $0.17 $0.45 $0.83 $1.16 $1.53 $1.96 $2.45 #NUM! <-IRR #YR-> 10 5 yr Running Average 1641.66% CDN$
* ESP per share (CDN, Diluted) E/P 10 Yrs 1.75% 5Yrs 1.48% -8.37% <-IRR #YR-> 5 5 yr Running Average -35.40% CDN$
$0.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.96
-$2.46 $0.00 $0.00 $0.00 $0.00 $2.96
$0.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.91
-$1.41 $0.00 $0.00 $0.00 $0.00 $0.91
Dividend* $0.99 $1.09 $1.21 Dividend*
Increase 12.82% 9.70% 11.42% Increase
Payout Ratio EPS 31.57% 29.80% 27.75% Payout Ratio EPS
Special Dividend US$ Paid in US$ $0.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends US$
Dividend* $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $1.00 $1.00 119.38% <-Total Growth 9 Dividends US$
Increase 0.00% 7.50% 11.05% 10.47% 10.90% 10.26% 10.47% 10.88% 11.08% 11.11% 2.56% 0.00% 8 0 9 Years of data, Count P, N 88.89% US$
Average Increases 5 Year Running 8.0% 10.0% 10.6% 10.6% 10.7% 10.8% 9.2% 7.1% 10.59% <-Median-> 5 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.34 $0.45 $0.48 $0.53 $0.59 $0.65 $0.72 $0.80 $0.87 $0.93 61.52% <-Total Growth 6 Dividends 5 Yr Running US$
Yield H/L Price 1.12% 1.65% 1.22% 1.00% 0.80% 0.69% 0.67% 0.64% 0.42% 0.52% 0.61% 0.59% 0.68% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 0.92% 1.39% 0.95% 0.82% 0.66% 0.60% 0.54% 0.45% 0.35% 0.41% 0.53% 0.51% 0.57% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 1.43% 2.03% 1.72% 1.30% 1.00% 0.82% 0.89% 1.10% 0.53% 0.70% 0.71% 0.69% 0.94% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 0.92% 1.55% 0.99% 0.91% 0.68% 0.77% 0.63% 0.47% 0.36% 0.64% 0.54% 0.53% 0.54% 0.50% 0.66% <-Median-> 10 Yield on Close Price US$
Payout Ratio -61.67% 66.34% 67.80% 46.74% 32.93% 29.31% -8.89% 31.93% 23.36% 29.04% 39.17% 31.09% 23.90% 21.30% 32.43% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 52.72% 41.67% -132.97% -683.33% 169.40% 108.31% 104.64% 30.38% 29.45% 28.84% 52.72% <-Median-> 7 DPR EPS 5 Yr Running US$
Payout Ratio CF 12.15% 17.77% 16.51% 14.14% 14.83% 19.08% 22.52% 9.64% 18.75% 32.99% 13.99% 16.46% 12.61% #DIV/0! 17.14% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 13.57% 16.31% 17.23% 14.55% 15.45% 17.86% 16.59% 15.94% 16.54% #DIV/0! 16.31% <-Median-> 7 DPR CF 5 Yr Running US$
Payout Ratio CF WC 14.31% 21.62% 26.17% 16.53% 13.90% 12.58% 25.10% 13.90% 12.12% 12.44% 13.51% 16.46% 12.61% #DIV/0! 13.90% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 15.79% 16.42% 17.17% 15.49% 14.39% 13.94% 14.05% 13.66% 13.37% #DIV/0! 15.49% <-Median-> 7 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 0.68% 0.66% 5 Yr Med 5 Yr Cl 0.61% 0.54% 5 Yr Med Payout 29.04% 18.75% 13.51% 10.71% <-IRR #YR-> 5 Dividends 66.35% US$
* Dividends per share  10 Yr Med and Cur. -20.78% -18.34% 5 Yr Med and Cur. -10.91% 0.13% Last Div Inc ---> $0.2250 $0.2500 11.11% 8.17% <-IRR #YR-> 10 Dividends #DIV/0! US$
Dividends Growth 5 -$0.53 $0.00 $0.00 $0.00 $0.00 $0.88 Dividends Growth 5
Dividends Growth 10 -$0.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.88 Dividends Growth 10
Historical Dividends Historical High Div 1.97% Low Div 0.36% 10 Yr High 2.00% 10 Yr Low 0.36% Med Div 0.69% Close Div 0.68% Historical Dividends
High/Ave/Median Values Curr diff Cheap 30.16% Cheap 612.25% Cheap 4255.00% 24094.44% Cheap -21.44% Cheap 275.46% High/Ave/Median Values
Future Dividend Yield Div Yield 0.90% earning in 5 Years at IRR of 10.71% Div Inc. 66.35% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 1.50% earning in 10 Years at IRR of 10.71% Div Inc. 176.73% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 2.50% earning in 15 Years at IRR of 10.71% Div Inc. 360.33% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 4.15% earning in 20 Years at IRR of 10.71% Div Inc. 665.77% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 6.91% earning in 25 Years at IRR of 10.71% Div Inc. 1173.86% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 11.49% earning in 30 Years at IRR of 10.71% Div Inc. 2019.08% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $1.66 earning in 5 Years at IRR of 10.71% Div Inc. 66.35% Future Dividend Paid
Future Dividend Paid Div Paid $2.77 earning in 10 Years at IRR of 10.71% Div Inc. 176.73% Future Dividend Paid
Future Dividend Paid Div Paid $4.60 earning in 15 Years at IRR of 10.71% Div Inc. 360.33% Future Dividend Paid
Dividend Covering Cost Total Div $6.19 over 5 Years at IRR of 10.71% Div Cov. 3.36% Dividend Covering Cost
Dividend Covering Cost Total Div $14.83 over 10 Years at IRR of 10.71% Div Cov. 8.04% Dividend Covering Cost
Dividend Covering Cost Total Div $29.20 over 15 Years at IRR of 10.71% Div Cov. 15.83% Dividend Covering Cost
Dividend* $1.39 $1.53 $1.70 Dividend*
Increase 20.10% 9.70% 11.42% Increase
Payout Ratio EPS 31.57% 29.80% 27.75% Payout Ratio EPS
Special Dividend CDN$ - Pd in US$ $0.21 $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 $0.00 <-Median-> 10 Special Dividends CDN$
Dividend* $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.37 $1.41 $1.41 109.53% <-Total Growth 9 Dividends CDN$
Increase 19.36% 4.24% 3.75% 20.13% 5.58% 8.08% 10.00% 18.45% 8.47% 18.28% 2.56% 0.00% 9 0 9 Years of data, Count P, N 100.00% CDN$
Average Increases 5 Year Running 5.5% 9.5% 10.6% 8.4% 9.5% 12.4% 10.1% 12.7% 11.6% 9.6% 9.51% <-Median-> 7 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.44 $0.58 $0.64 $0.70 $0.76 $0.85 $0.94 $1.07 $1.18 $1.28 61.80% <-Total Growth 6 Dividends 5 Yr Running CDN$
Yield H/L Price 1.68% 1.34% 0.98% 0.77% 0.74% 0.65% 0.60% 0.42% 0.55% 0.59% 0.60% 0.70% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 1.42% 0.96% 0.84% 0.65% 0.63% 0.53% 0.44% 0.36% 0.44% 0.52% 0.52% 0.58% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 2.06% 2.26% 1.18% 0.95% 0.90% 0.83% 0.97% 0.52% 0.73% 0.69% 0.71% 0.92% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 1.54% 0.99% 0.91% 0.68% 0.77% 0.63% 0.47% 0.36% 0.65% 0.54% 0.53% 0.54% 0.50% 0.66% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio -61.67% 66.34% 67.80% 46.74% 32.93% 29.31% -8.89% 31.93% 23.36% 29.04% 39.17% 31.09% 27.44% 22.94% 32.43% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 51.93% 41.47% -144.63% -748.76% 175.48% 106.00% 103.87% 30.44% 29.49% 28.75% 51.93% <-Median-> 7 DPR EPS 5 Yr Running CDN$
Payout Ratio CF 0.75% 0.75% 0.61% 0.53% 0.56% 0.55% 0.44% 0.45% 0.53% 0.47% 0.47% 0.44% #DIV/0! 0.54% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 13.85% 16.32% 17.23% 14.62% 15.51% 18.01% 16.69% 16.04% 16.49% #DIV/0! 16.32% <-Median-> 7 DPR CF 5 Yr Running CDN$
Payout Ratio CF WC 14.31% 21.62% 26.17% 16.53% 13.90% 12.58% 25.10% 13.90% 12.12% 12.44% 13.51% 16.46% 12.61% #DIV/0! 13.90% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 16.19% 16.38% 17.19% 15.48% 14.40% 13.92% 14.04% 13.70% 13.39% #DIV/0! 15.48% <-Median-> 7 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 0.70% 0.66% 5 Yr Med 5 Yr Cl 0.59% 0.54% 5 Yr Med Payout 29.04% 0.47% 13.51% 10.03% <-IRR #YR-> 5 Dividends 61.28% CDN$
* Dividends per share  10 Yr Med and Cur. -21.79% -17.91% 5 Yr Med and Cur. -8.45% 0.70% Last Div Inc ---> $0.2250 $0.2500 11.11% 9.70% <-IRR #YR-> 10 Dividends #DIV/0! CDN$
Dividends Growth 5 -$0.72 $0.00 $0.00 $0.00 $0.00 $1.16 Dividends Growth 5
Dividends Growth 10 -$0.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.16 Dividends Growth 10
Historical Dividends Historical High Div 2.24% Low Div 0.36% 10 Yr High 2.24% 10 Yr Low 0.36% Med Div 0.70% Close Div 0.66% Historical Dividends
High/Ave/Median Values Curr diff Cheap 14.47% Cheap 612.25% Cheap -75.69% 51.24% Exp. -22.22% Cheap 286.58% High/Ave/Median Values
Future Dividend Yield Div Yield 0.88% earning in 5 Years at IRR of 10.03% Div Inc. 61.28% Future Dividend Yield
Future Dividend Yield Div Yield 1.42% earning in 10 Years at IRR of 10.03% Div Inc. 160.11% Future Dividend Yield
Future Dividend Yield Div Yield 2.28% earning in 15 Years at IRR of 10.03% Div Inc. 319.49% Future Dividend Yield
Future Dividend Yield Div Yield 3.68% earning in 20 Years at IRR of 10.03% Div Inc. 576.55% Future Dividend Yield
Future Dividend Yield Div Yield 5.94% earning in 25 Years at IRR of 10.03% Div Inc. 991.13% Future Dividend Yield
Future Dividend Paid Div Paid $2.27 earning in 5 Years at IRR of 10.03% Div Inc. 61.28% Future Dividend Paid
Future Dividend Paid Div Paid $3.66 earning in 10 Years at IRR of 10.03% Div Inc. 160.11% Future Dividend Paid
Future Dividend Paid Div Paid $5.91 earning in 15 Years at IRR of 10.03% Div Inc. 319.49% Future Dividend Paid
Dividend Covering Cost Total Div $8.60 over 5 Years at IRR of 10.03% Div Cov. 3.33% Dividend Covering Cost
Dividend Covering Cost Total Div $20.20 over 10 Years at IRR of 10.03% Div Cov. 7.81% Dividend Covering Cost
Dividend Covering Cost Total Div $38.91 over 15 Years at IRR of 10.03% Div Cov. 15.05% Dividend Covering Cost CDN$
Yield if held 5 years 0.00% 5.71% 4.37% 3.57% 4.12% 3.87% 2.75% 1.99% 1.53% 1.38% 1.19% 1.18% 1.03% 0.66% 3.16% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 0.00% 4.69% 4.13% 3.94% 3.92% 7.68% 9.35% 6.48% 5.59% 7.36% 6.25% 4.96% 3.41% 2.39% 5.92% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 0.00% 9.16% 10.72% 6.61% 8.12% 11.58% 7.67% 6.12% 6.17% 7.00% 12.39% 16.90% 11.11% 8.72% 7.90% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 0.00% 28.73% 41.21% 36.68% 18.54% 15.78% 15.00% 15.89% 10.33% 14.50% 18.68% 13.86% 10.49% 9.61% 17.22% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 26.42% 47.04% 61.10% 57.39% 33.12% 25.45% 27.09% 27.24% 16.11% 40.08% <-Median-> 6 Paid Median Price CDN$
Yield if held 30 years 42.61% 84.99% 104.75% 89.44% 42.61% <-Median-> 1 Paid Median Price
Cost covered if held 5 years 7.23% 15.15% 14.27% 74.47% 81.23% 61.13% 39.03% 24.79% 16.32% 11.48% 8.38% 6.28% 4.71% 2.50% 20.55% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 3.42% 6.84% 9.17% 12.35% 15.75% 33.38% 47.85% 37.16% 34.74% 45.93% 41.07% 30.86% 22.78% 17.33% 34.06% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 4.66% 13.36% 23.81% 20.69% 32.62% 50.32% 39.25% 35.06% 38.32% 43.70% 83.72% 113.44% 83.84% 74.47% 36.69% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 20 years 7.81% 41.90% 91.56% 114.86% 74.51% 68.56% 76.70% 91.09% 64.19% 90.54% 126.20% 93.06% 79.11% 82.15% 83.62% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 25 years 114.80% 240.63% 350.25% 356.45% 206.81% 171.95% 181.85% 205.52% 137.63% 223.72% <-Median-> 6 Paid Median Price CDN$
Cost covered if held 30 years 553.07% 1017.62% 1327.56% 1223.00% 553.07% <-Median-> 1 Paid Median Price
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $1,931.5 $2,407.4 $2,772.4 $3,249.1 $3,745.8 $4,334.5 $4,930.8 <-12 mths 13.76% 124.42% <-Total Growth 5 Revenue Growth US$ 124.42% 17.55%
AEPS Growth $2.61 $3.00 $3.46 $4.57 $4.24 $4.66 $4.76 <-12 mths 2.15% 78.54% <-Total Growth 5 AEPS Growth 78.54% 12.29%
Net Income Growth $65.9 -$251.6 $87.3 $135.2 $121.1 $100.4 $108.2 <-12 mths 7.74% 52.42% <-Total Growth 5 Net Income Growth 52.42% 8.79%
Cash Flow Growth $99.5 $107.8 $291.8 $167.3 $105.9 $280.4 $309.4 <-12 mths 10.36% 181.88% <-Total Growth 5 Cash Flow Growth 181.88% 23.03%
Dividend Growth $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 <-12 mths 11.11% 66.35% <-Total Growth 5 Dividend Growth 66.35% 10.71%
Stock Price Growth $68.48 $93.04 $136.76 $196.47 $122.55 $162.09 $184.48 <-12 mths 13.81% 136.70% <-Total Growth 5 Stock Price Growth 136.70% 18.81%
Revenue Growth US$ $1,187.5 $1,375.3 $1,264.1 $1,482.9 $1,705.5 $1,931.5 $2,407.4 $2,772.4 $3,249.1 $3,745.8 $4,334.5 $5,179.0 <-this year 19.48% 265.01% <-Total Growth 10 Revenue Growth US$ 265.01% 13.82%
AEPS Growth $1.08 $1.38 $1.20 $1.62 $1.99 $2.61 $3.00 $3.46 $4.57 $4.24 $4.66 $5.03 <-this year 7.94% 331.77% <-Total Growth 10 AEPS Growth 331.77% 15.75%
Net Income Growth -$10.7 $21.9 $21.4 $33.6 $53.1 $65.9 -$251.6 $87.3 $135.2 $121.1 $100.4 $141.7 <-this year 41.15% 1035.22% <-Total Growth 10 Net Income Growth 1035.22% 27.50%
Cash Flow Growth $58.9 $80.6 $87.1 $109.0 $115.6 $99.5 $107.8 $291.8 $167.3 $105.9 $280.4 $222.0 <-this year -20.82% 375.85% <-Total Growth 10 Cash Flow Growth 375.85% 16.88%
Dividend Growth $0.40 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.99 <-this year 12.82% 119.38% <-Total Growth 10 Dividend Growth 119.38% 8.17%
Stock Price Growth $21.81 $25.77 $40.43 $47.48 $69.92 $68.48 $93.04 $136.76 $196.47 $122.55 $162.09 $184.48 <-this year 13.81% 643.07% <-Total Growth 10 Stock Price Growth 643.07% 22.21%
Dividends on Shares CDN$ $20.42 $24.37 $25.40 $26.36 $31.66 $33.43 $36.13 $39.75 $47.08 $51.07 $60.40 $61.95 $61.95 $335.67 No of Years 10 Total Divs 12/31/13
Paid  $1,019.99 $1,321.64 $2,459.60 $2,804.56 $3,868.92 $4,122.36 $5,319.16 $7,665.68 $10,938.40 $7,295.64 $9,444.60 $11,377.52 $11,377.52 $12,457.04 $9,444.60 No of Years 10 Worth $23.18 43.14
Total $9,780.27
Graham Price CDN$ AEPS $6.13 $5.81 $9.70 $11.55 $15.51 $18.22 $19.97 $26.79 $34.19 $43.73 $54.80 $59.92 $96.50 $75.94 $80.34 $84.44 895.02% <-Total Growth 10 Graham Price AEPS CDN$
Price/GP Ratio Med 2.64 2.50 1.92 2.39 2.66 3.24 3.88 3.63 3.41 3.12 3.90 3.22 2.02 3.03 3.23 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 3.21 2.78 2.39 2.84 3.74 3.79 4.59 4.28 4.16 4.30 4.64 4.01 2.30 3.49 4.09 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 2.06 2.22 1.44 1.95 1.58 2.68 3.17 2.98 2.67 1.94 3.16 2.43 1.74 2.56 2.55 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 2.23 2.45 2.39 2.60 3.60 3.50 4.40 3.50 3.54 3.98 4.54 2.77 2.22 3.41 3.22 3.35 3.52 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 122.87% 144.87% 139.03% 159.98% 260.37% 249.87% 340.35% 249.76% 253.63% 298.43% 353.65% 176.70% 122.44% 240.52% 221.86% 235.27% 251.75% <-Median-> 10 Graham Price CDN$
Graham Price CDN$ EPS $6.49 $5.37 $7.57 $7.63 $10.88 $13.73 $17.04 $22.25 $27.14 $33.41 $44.77 $48.00 $66.90 $59.96 $64.63 $70.70 783.73% <-Total Growth 10 Graham Price EPS CDN$
Price/GP Ratio Med 2.49 2.71 2.45 3.63 3.79 4.30 4.55 4.37 4.30 4.08 4.78 4.02 2.92 3.83 4.19 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 3.03 3.01 3.06 4.30 5.33 5.03 5.38 5.15 5.23 5.63 5.68 5.01 3.32 4.43 5.19 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.95 2.41 1.84 2.96 2.25 3.56 3.72 3.59 3.36 2.54 3.87 3.04 2.52 3.24 3.20 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 2.10 2.65 3.06 3.94 5.14 4.64 5.16 4.21 4.45 5.21 5.55 3.45 3.21 4.31 4.00 4.00 4.55 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 110.45% 164.84% 206.20% 293.77% 413.94% 364.27% 415.87% 321.17% 345.46% 421.45% 455.30% 245.47% 220.83% 331.26% 300.07% 300.45% 354.87% <-Median-> 10 Graham Price CDN$
Pre-split 15 $26.95 $28.08 $45.75 $59.28
Price Close CDN$ $13.66 $14.23 $23.18 $30.04 $55.90 $63.74 $87.93 $93.69 $120.89 $174.22 $248.60 $165.81 $214.65 $258.58 $258.58 $283.11 825.95% <-Total Growth 10 Stock Price CDN$
Increase -10.32% 4.19% 62.93% 29.57% 86.10% 14.03% 37.95% 6.55% 29.03% 44.11% 42.69% -33.30% 29.46% 20.47% 0.00% 9.49% 63.82 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 13.00 -234.74 -67.21 42.94 68.42 51.60 48.34 38.15 -14.15 67.74 64.29 45.01 72.45 58.57 50.40 46.12 18.03% <-IRR #YR-> 5 Stock Price 129.11% CDN$
Trailing P/E 245.74 13.54 -382.46 -87.09 79.91 78.02 71.18 51.51 49.23 -20.39 96.66 42.88 58.27 87.28 58.57 55.18 24.93% <-IRR #YR-> 10 Stock Price 825.95% CDN$
CAPE (10 Yr P/E) 24.07 29.72 40.68 42.83 62.45 65.07 62.57 60.59 -632.95 399.18 202.16 128.84 108.55 97.11 86.08 77.81 18.82% <-IRR #YR-> 5 Price & Dividend 134.14% CDN$
Median 10, 5 Yrs D.  per yr 1.38% 0.78% % Tot Ret 5.25% 4.15% T P/E 54.89 49.23 P/E:  49.97 64.29 26.31% <-IRR #YR-> 10 Price & Dividend 858.86% CDN$
Price 15 D.  per yr 1.13% % Tot Ret 4.43% CAPE Diff -8.23% 24.42% <-IRR #YR-> 15 Stock Price 2549.30% CDN$
Price  20 D.  per yr 0.57% % Tot Ret 3.07% 18.06% <-IRR #YR-> 20 Stock Price 2668.78% CDN$
Price  25 D.  per yr 0.41% % Tot Ret 2.45% 16.22% <-IRR #YR-> 25 Stock Price 4189.86% CDN$
Price  30 D.  per yr 0.47% % Tot Ret 2.23% 20.62% <-IRR #YR-> 28 Stock Price CDN$
Price & Dividend 15 25.55% <-IRR #YR-> 15 Price & Dividend 2646.09% CDN$
Price & Dividend 20 18.63% <-IRR #YR-> 20 Price & Dividend 2769.93% CDN$
Price & Dividend 25 16.63% <-IRR #YR-> 25 Price & Dividend 43.4657357 CDN$
Price & Dividend 30 21.09% <-IRR #YR-> 28 Price & Dividend
Price  5 -$93.69 $0.00 $0.00 $0.00 $0.00 $214.65 Price  5
Price 10 -$23.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $214.65 Price 10
Price & Dividend 5 -$93.69 $0.82 $0.90 $1.07 $1.16 $215.81 Price & Dividend 5
Price & Dividend 10 -$23.18 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $215.81 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 $214.65 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 $214.65 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 $214.65 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 $214.65 Price  30
Price & Dividend 15 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $215.81 Price & Dividend 15
Price & Dividend 20 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $215.81 Price & Dividend 20
Price & Dividend 25 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $215.81 Price & Dividend 25
Price & Dividend 30 $0.00 $0.21 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $215.81 Price & Dividend 30
Price H/L Median $16.15 $14.55 $18.57 $27.67 $41.23 $58.98 $77.53 $97.16 $116.59 $136.41 $213.83 $193.18 $195.16 $229.86 950.74% <-Total Growth 10 Stock Price CDN$
Increase 27.49% -9.94% 27.67% 48.97% 49.02% 43.04% 31.46% 25.32% 19.99% 17.00% 56.76% -9.66% 1.02% 17.78% 26.52% <-IRR #YR-> 10 Stock Price 950.74% CDN$
P/E 15.38 -240.01 -53.85 39.55 50.47 47.74 42.62 39.57 -13.64 53.04 55.30 52.44 65.87 52.06 14.97% <-IRR #YR-> 5 Stock Price 100.86% CDN$
Trailing P/E 290.69 13.85 -306.43 -80.22 58.94 72.18 62.76 53.41 47.48 -15.96 83.14 49.96 52.97 77.59 28.02% <-IRR #YR-> 10 Price & Dividend 992.96% CDN$
P/E on Run. 5 yr Ave 56.56 78.64 -315.41 98.81 95.37 125.68 91.73 69.14 -262.67 -1468.76 493.35 239.55 214.97 65.67 15.69% <-IRR #YR-> 5 Price & Dividend 106.45% CDN$
P/E on Run. 10 yr Ave 34.25 35.02 54.41 75.60 130.06 156.25 150.52 144.33 -1423.26 803.76 473.77 233.93 168.74 150.42 18.90 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 1.50% 0.73% % Tot Ret 5.36% 4.63% Price Inc 17.00% P/E:  49.10 53.04 Count 30 Years of data
-$18.57 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $195.16
-$97.16 $0.00 $0.00 $0.00 $0.00 $195.16
-$18.57 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $196.32
-$97.16 $0.76 $0.82 $0.90 $1.07 $196.32
High Month CDN$ Apr Feb Dec Dec Dec Aug Oct Sep Aug Nov Nov Jan Dec Oct
Pre-Split '05
Pre-split 15 $38.81 $31.92 $45.78 $64.71
Price High CDN$ $19.67 $16.17 $23.20 $32.79 $57.96 $69.06 $91.69 $114.56 $142.05 $188.00 $254.36 $240.58 $222.04 $265.38 857.20% <-Total Growth 10 Stock Price CDN$
Increase 29.15% -17.75% 43.42% 41.35% 76.77% 19.15% 32.77% 24.94% 24.00% 32.35% 35.30% -5.42% -7.71% 19.52% 25.34% <-IRR #YR-> 10 Stock Price 857.20% CDN$
P/E 18.72 -266.85 -67.25 46.87 70.94 55.91 50.41 46.65 -16.62 73.10 65.78 65.30 74.95 60.11 14.15% <-IRR #YR-> 5 Stock Price 93.82% CDN$
Trailing P/E 352.82 15.72 -381.50 -101.11 96.12 117.05 99.66 79.01 78.92 -28.57 125.92 78.88 81.63 118.47 24.11 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 24.00% P/E:  60.61 65.78 64.45 P/E Ratio Historical High CDN$
-$23.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $222.04
-$114.56 $0.00 $0.00 $0.00 $0.00 $222.04
Low Month CDN$ Dec Jun Jan Feb Jan Feb Jan Feb Jan Mar Jan Jun Jan May
Pre-Split '05
Pre-split 15 $24.95 $25.50 $27.53 $44.50
Price Low CDN$ $12.64 $12.92 $13.95 $22.55 $24.50 $48.89 $63.37 $79.76 $91.12 $84.82 $173.30 $145.78 $168.27 $194.34 1106.28% <-Total Growth 10 Stock Price CDN$
Increase 25.00% 2.20% 7.96% 61.64% 8.66% 99.55% 29.62% 25.86% 14.24% -6.91% 104.32% -15.88% 15.43% 15.49% 28.28% <-IRR #YR-> 10 Stock Price 1106.28% CDN$
P/E 12.03 -213.18 -40.44 32.23 29.99 39.58 34.84 32.48 -10.66 32.98 44.82 39.57 56.80 44.02 16.10% <-IRR #YR-> 5 Stock Price 110.97% CDN$
Trailing P/E 227.50 12.30 -230.15 -65.37 35.02 59.84 51.30 43.85 37.11 -9.92 67.38 37.70 45.68 65.60 14.38 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 14.24% P/E:  33.91 39.57 8.54 P/E Ratio Historical Low CDN$
-$13.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $168.27
-$79.76 $0.00 $0.00 $0.00 $0.00 $168.27
Price Close CDN$ using Exchange $13.37 $14.27 $21.80 $25.89 $40.37 $47.47 $70.09 $68.68 $93.08 $136.84 $196.09 $122.42 $162.29 $183.66 $183.66 $201.09
Pre-split '05
Pre-split '15 $26.49 $28.26 $43.05 $50.86
Price Close US$ $13.42 $14.32 $21.81 $25.77 $40.43 $47.48 $69.92 $68.48 $93.04 $136.76 $196.47 $122.55 $162.09 $184.48 $184.48 $201.09 643.07% <-Total Growth 10 Stock Price US$
Increase -12.23% 6.68% 52.34% 18.14% 56.88% 17.44% 47.26% -2.06% 35.86% 46.99% 43.66% -37.62% 32.26% 13.81% 0.00% 9.00% 67.14 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 13.05 -235.50 -67.27 42.74 68.53 51.61 48.22 38.04 -14.14 67.70 64.42 45.06 72.36 58.83 50.63 46.12 18.81% <-IRR #YR-> 5 Stock Price 136.70% US$
Trailing P/E 240.82 13.92 -358.75 -79.47 67.05 80.47 76.00 47.23 51.69 -20.78 97.26 40.18 59.59 82.36 58.83 55.18 22.21% <-IRR #YR-> 10 Stock Price 643.07% US$
CAPE (10 Yr P/E) 25.59 31.48 43.90 45.75 65.55 68.55 65.72 63.86 -791.78 367.40 206.03 131.66 109.27 98.86 87.90 79.56 19.55% <-IRR #YR-> 5 Price & Dividend 141.97% US$
Median 10, 5 Yrs D.  per yr 1.11% 0.74% % Tot Ret 4.76% 3.80% T P/E 55.64 51.69 P/E:  49.91 64.42 23.32% <-IRR #YR-> 10 Price & Dividend 669.87% US$
Price 15 D.  per yr 0.87% % Tot Ret 3.55% CAPE Diff -12.38% 23.71% <-IRR #YR-> 15 Stock Price 2332.65% US$
Price  20 D.  per yr 0.47% % Tot Ret 2.56% 18.02% <-IRR #YR-> 20 Stock Price 2648.23% US$
Price  25 D.  per yr 0.35% % Tot Ret 2.05% 16.86% <-IRR #YR-> 25 Stock Price 4821.44% US$
Price  30 D.  per yr 0.39% % Tot Ret 1.84% 20.76% <-IRR #YR-> 28 Stock Price
Price & Dividend 15 24.58% <-IRR #YR-> 15 Price & Dividend 2423.37% US$
Price & Dividend 20 18.49% <-IRR #YR-> 20 Price & Dividend 2750.72% US$
Price & Dividend 25 17.22% <-IRR #YR-> 25 Price & Dividend 50.0497791 US$
Price & Dividend 30 21.15% <-IRR #YR-> 28 Price & Dividend
Price  5 -$68.48 $0.00 $0.00 $0.00 $0.00 $162.09 Price  5
Price 10 -$21.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $162.09 Price 10
Price & Dividend 5 -$68.48 $0.59 $0.65 $0.71 $0.79 $162.97 Price & Dividend 5
Price & Dividend 10 -$21.81 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $162.97 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 $162.09 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 $162.09 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 $162.09 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 $162.09 Price  30
Price & Dividend 15 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $162.97 Price & Dividend 15
Price & Dividend 20 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $162.97 Price & Dividend 20
Price & Dividend 25 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $162.97 Price & Dividend 25
Price & Dividend 30 $0.00 $0.00 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $162.97 Price & Dividend 30
Price H/L Median US$ $16.19 $14.54 $17.89 $24.25 $32.74 $42.86 $59.95 $76.00 $86.74 $101.46 $168.75 $153.02 $144.22 $166.34 706.28% <-Total Growth 10 Stock Price US$
Increase 30.12% -10.17% 23.00% 35.55% 35.01% 30.91% 39.88% 26.78% 14.13% 16.96% 66.33% -9.32% -5.75% 15.34% 23.21% <-IRR #YR-> 10 Stock Price 706.28% US$
P/E 15.74 -239.17 -55.16 40.21 55.48 46.58 41.34 42.22 -13.18 50.23 55.33 56.26 64.38 53.04 13.67% <-IRR #YR-> 5 Stock Price 89.76% US$
Trailing P/E 290.45 14.14 -294.17 -74.77 54.29 72.64 65.16 52.41 48.19 -15.42 83.54 50.17 53.02 74.26 24.53% <-IRR #YR-> 10 Price & Dividend 740.07% US$
P/E on Run. 5 yr Ave 63.14 91.99 -360.20 93.09 89.12 124.01 92.55 70.86 -238.30 -1300.71 484.91 254.19 209.01 63.17 14.40% <-IRR #YR-> 5 Price & Dividend 95.20% US$
P/E on Run. 10 yr Ave 40.73 40.48 60.86 76.56 124.13 142.38 148.78 148.59 -1675.23 701.39 486.61 244.88 163.64 146.61 18.88 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 1.32% 0.73% % Tot Ret 5.37% 5.06% Price Inc 14.13% P/E:  48.40 55.33 Count 31 Years of data
-$17.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $144.22
-$76.00 $0.00 $0.00 $0.00 $0.00 $144.22
-$17.89 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $145.09
-$76.00 $0.59 $0.65 $0.71 $0.79 $145.09
High Month US$ Apr Mar Dec Nov Dec Aug Oct Aug Aug Nov Oct Jan Dec Oct
Pre-split '05
Pre-split '15 $39.97 $32.39 $43.05 $56.90
Price High US$ $20.25 $16.41 $21.81 $28.83 $42.19 $52.53 $72.25 $87.72 $107.40 $144.21 $202.08 $193.28 $165.08 $190.85 656.78% <-Total Growth 10 Stock Price US$
Increase 32.44% -18.96% 32.91% 32.17% 46.33% 24.51% 37.54% 21.41% 22.44% 34.27% 40.13% -4.35% -14.59% 15.61% 22.43% <-IRR #YR-> 10 Stock Price 656.78% US$
P/E Ratio 19.69 -269.92 -67.27 47.82 71.51 57.10 49.83 48.73 -16.32 71.39 66.26 71.06 73.70 60.86 13.48% <-IRR #YR-> 5 Stock Price 88.19% US$
Trailing P/E Ratio 363.36 15.96 -358.75 -88.91 69.97 89.03 78.53 60.50 59.67 -21.92 100.04 63.37 60.69 85.20 24.77 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 60.69 P/E:  61.68 71.06 64.42 P/E Ratio Historical High US$
-$21.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $165.08
-$87.72 $0.00 $0.00 $0.00 $0.00 $165.08
Low Month US$ Nov Jun Jan Jan Jan Feb Jan Feb Jan Mar Jan Jun Jan May
Pre-split '05
Pre-split '15 $23.93 $25.01 $27.55 $38.80
Price Low US$ $12.13 $12.67 $13.96 $19.66 $23.28 $33.18 $47.64 $64.28 $66.08 $58.70 $135.42 $112.76 $123.35 $141.83 783.62% <-Total Growth 10 Stock Price US$
Increase 26.41% 4.51% 10.16% 40.83% 18.41% 42.53% 43.58% 34.93% 2.80% -11.17% 130.70% -16.73% 9.39% 14.98% 28.73% <-IRR #YR-> 10 Stock Price 783.62% US$
P/E Ratio 11.79 -208.42 -43.05 32.61 39.46 36.07 32.86 35.71 -10.04 29.06 44.40 41.46 55.07 45.23 35.72% <-IRR #YR-> 5 Stock Price 91.89% US$
Trailing P/E Ratio 217.55 12.32 -229.58 -60.63 38.61 56.24 51.78 44.33 36.71 -8.92 67.04 36.97 45.35 63.32 15.07 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E $44.33 P/E:  32.73 35.71 8.28 P/E Ratio Historical Low US$
-$5.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $64.28
-$13.96 $0.00 $0.00 $0.00 $0.00 $64.28
$288 <-12 mths 51.58%
Free Cash Flow WSJ CDN$ $75.9 $338.5 $136.7 $33.6 $253.2 Free Cash Flow WSJ CDN$ CDN$
Change 346.12% -59.60% -75.42% 653.48% Change CDN$
Free Cash Flow MS US$ old $23 $67 $80 $79.4 $58.9 $61.2 $252.0 $109.1 $28.0 Free Cash Flow MS US$ old US$
Change 191.30% 19.40% -0.75% -25.82% 3.90% 311.76% -56.72% -74.33% Change US$
Free Cash Flow MS US$ $43 $59 $18 $30.0 $30.0 $60.0 $90.0 $110.0 $50.0 $160.0 $190.0 $200.0 $190 $217 $272 955.56% <-Total Growth 10 Free Cash Flow MS US$ US$
Change -48.19% 37.21% -69.49% 66.67% 0.00% 100.00% 50.00% 22.22% -54.55% 220.00% 18.75% 5.26% -5.00% 14.21% 25.35% 11.55% <-IRR #YR-> 5 Free Cash Flow MS 72.73% US$
FCF/CF from Op Ratio 1.06 1.13 0.31 0.37 0.34 0.55 0.78 1.11 0.46 0.55 1.14 1.89 0.68 0.82 0.77 26.58% <-IRR #YR-> 10 Free Cash Flow MS 955.56% US$
Dividends paid $14.32 $14.32 $7 $15 $17 $18.78 $22.04 $22.04 $31.21 $31.21 $39.21 $43.57 $44.68 173.79% <-Total Growth 10 Dividends paid US$
Percentage paid 23.33% 25.00% 18.89% 17.07% 44.09% 13.78% 16.42% 15.60% 20.64% 20.08% 16.43% $0.19 <-Median-> 9 Percentage paid US$
5 Year Covrage 23.48% 20.18% 18.51% 17.65% 18.44% 17.47% 17.76% 5 Year Covrage US$
Dividend Coverage Ratio 4.29 4.00 5.29 5.86 2.27 7.26 6.09 6.41 4.85 4.98 6.09 5.29 <-Median-> 9 Dividend Coverage Ratio US$
5 Year of Covereage 4.26 4.95 5.40 5.67 5.42 5.72 5.63 5 Year of Coverage US$
-$110 $0 $0 $0 $0 $190
-$18 $0 $0 $0 $0 $0 $0 $0 $0 $0 $190
Market Cap US$ $402 $431 $781 $923 $1,453 $1,702 $2,511 $2,464 $3,861 $5,961 $8,647 $5,420 $7,243 $8,243 $8,243 $8,985 827.40% <-Total Growth 10 Market Cap  US$
Market Cap CDN$ $409 $428 $830 $1,076 $2,009 $2,285 $3,158 $3,371 $5,016 $7,594 $10,942 $7,333 $9,591 $11,554 $11,554 $12,650 1055.64% <-Total Growth 10 Market Cap CDN$
Diluted # of Shares in Millions 30.551 30.376 33.262 36.309 36.425 36.366 36.559 36.571 38.662 43.184 44.401 44.494 44.795 45.163 34.67% <-Total Growth 10 Diluted
Change 0.61% -0.57% 9.50% 9.16% 0.32% -0.16% 0.53% 0.03% 5.72% 11.70% 2.82% 0.21% 0.68% 0.82% 0.60% <-Median-> 10 Change
Difference Diluted/Basic -1.5% -0.4% -1.0% -1.1% -1.1% -1.1% -1.8% -1.7% -1.1% -1.0% -1.3% -0.7% -0.5% -0.4% -1.12% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 30.094 30.264 32.928 35.917 36.013 35.966 35.909 35.952 38.225 42.756 43.841 44.175 44.556 44.961 35.32% <-Total Growth 10 Average
Change 0.04% 0.57% 8.80% 9.08% 0.27% -0.13% -0.16% 0.12% 6.32% 11.85% 2.54% 0.76% 0.86% 0.91% 0.81% <-Median-> 10 Change
Difference Basic/Outstanding -0.5% -0.6% 8.7% -0.3% -0.2% -0.3% 0.0% 0.1% 8.6% 1.9% 0.4% 0.1% 0.3% -0.6% 0.10% <-Median-> 10 Difference Basic/Outstanding
$309.40 <-12 mths 10.36%
Preferred Shares 5.623 5.231 0.000 0.000 0.000 0.000 0.000 0.000 Preferred Shares
Multiple Voting 1.326 1.326 1.326 1.326 1.326 1.326 1.326 1.326 Multiple Voting
Subordinate Voting 28.616 28.744 34.476 34.481 34.613 34.517 34.591 34.654 Subordinate Voting
Pre-Split '05
# of Share in Millions 29.941 30.070 35.802 35.807 35.939 35.843 35.916 35.980 41.496 43.588 44.013 44.226 44.682 44.682 44.682 44.682 2.24% <-IRR #YR-> 10 Shares 24.81% Q3 TD B
Change in number -0.377 0.129 5.732 0.005 0.132 -0.096 0.074 0.064 5.516 2.092 0.425 0.213 0.456 0.000 0.000 0.000
Change in % -1.24% 0.43% 19.06% 0.01% 0.37% -0.27% 0.21% 0.18% 15.33% 5.04% 0.98% 0.48% 1.03% 0.00% 0.00% 0.00% 4.43% <-IRR #YR-> 5 Shares 24.19%
Pre-split '15 $80.2 $103.0 $116.3 $159.1
CF fr Op $M US$ $40.64 $52.19 $58.92 $80.60 $87.09 $109.01 $115.64 $99.46 $107.81 $291.77 $167.27 $105.89 $280.36 $264.7 $354.4 375.85% <-Total Growth 10 Cash Flow US$
Increase -30.28% 28.40% 12.90% 36.80% 8.05% 25.16% 6.08% -13.99% 8.39% 170.63% -42.67% -36.69% 164.76% -5.59% 33.88% SO, S Issu Buy Backs
5 year Running Average $42.8 $47.4 $50.2 $58.1 $63.9 $77.6 $90.2 $98.4 $103.8 $144.7 $156.4 $154.4 $190.6 $222.0 $234.5 279.55% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $1.36 $1.74 $1.65 $2.25 $2.42 $3.04 $3.22 $2.76 $2.60 $6.69 $3.80 $2.39 $6.27 $5.92 $7.93 281.28% <-Total Growth 10 Cash Flow per Share US$
Increase -29.40% 27.85% -5.17% 36.78% 7.66% 25.50% 5.86% -14.14% -6.02% 157.65% -43.22% -37.00% 162.06% -5.59% 33.88% 16.88% <-IRR #YR-> 10 Cash Flow 375.85% US$
5 year Running Average $1.43 $1.59 $1.61 $1.78 $1.88 $2.22 $2.52 $2.74 $2.81 $3.66 $3.82 $3.65 $4.35 $5.02 $5.26 23.03% <-IRR #YR-> 5 Cash Flow 181.88% US$
P/CF on Med Price 11.93 8.38 10.87 10.77 13.51 14.09 18.62 27.49 33.39 15.16 44.40 63.91 22.98 28.08 0.00 14.32% <-IRR #YR-> 10 Cash Flow per Share 281.28% US$
P/CF on Closing Price 19.51 16.28 26.16 11.45 16.68 15.61 21.72 24.77 35.81 20.43 51.70 51.18 25.83 31.14 23.26 17.81% <-IRR #YR-> 5 Cash Flow per Share 126.98% US$
49.71% Diff M/C 10.46% <-IRR #YR-> 5 CFPS 5 yr Running 170.40% US$
$313.08 <-12 mths 7.84%
Pre-split '15 $20.9 -$22.15 -$17.55 -$28.35
Excl.Working Capital CF $10.59 -$11.23 -$8.89 -$14.36 -$32.2 -$15.7 $7.8 $51.4 -$11.1 -$89.5 $91.4 $175.1 $10.0 $0.0 $0.0 9.70% <-IRR #YR-> 5 CFPS 5 yr Running 58.85% US$
CF fr Op $M WC US$ $51.2 $41.0 $50.0 $66.2 $54.9 $93.3 $123.4 $150.9 $96.7 $202.2 $258.7 $281.0 $290.3 $264.7 $354.4 480.35% <-Total Growth 10 Cash Flow less WC US$
Increase 10.92% -20.05% 22.13% 32.40% -17.07% 69.77% 32.35% 22.24% -35.91% 109.13% 27.91% 8.62% 3.33% -8.83% 33.88% 19.23% <-IRR #YR-> 10 Cash Flow less WC 480.35% US$
5 year Running Average $44.6 $44.9 $44.4 $50.9 $52.7 $61.1 $77.6 $97.7 $103.8 $133.3 $166.4 $197.9 $225.8 $259.4 $289.8 13.99% <-IRR #YR-> 5 Cash Flow less WC 92.42% US$
CFPS Excl. WC US$ $1.71 $1.36 $1.40 $1.85 $1.53 $2.60 $3.44 $4.19 $2.33 $4.64 $5.88 $6.35 $6.50 $5.92 $7.93 17.67% <-IRR #YR-> 10 CF less WC 5 Yr Run 409.05% US$
Increase 12.31% -20.40% 2.58% 32.38% -17.37% 70.23% 32.08% 22.03% -44.43% 99.09% 26.67% 8.09% 2.28% -8.83% 33.88% 18.23% <-IRR #YR-> 5 CF less WC 5 Yr Run 130.98% US$
5 year Running Average $1.50 $1.50 $1.42 $1.57 $1.57 $1.75 $2.16 $2.72 $2.82 $3.44 $4.10 $4.68 $5.14 $5.86 $6.52 16.61% <-IRR #YR-> 10 CFPS - Less WC 365.00% US$
P/CF on Median Price 9.46 10.68 12.80 13.11 21.42 16.47 17.44 18.12 37.22 21.87 28.71 24.09 22.20 28.08 0.00 9.15% <-IRR #YR-> 5 CFPS - Less WC 54.95% US$
P/CF on Close Price 7.84 10.51 15.61 13.93 26.45 18.25 20.35 16.33 39.93 29.48 33.43 19.29 24.95 31.14 23.26 13.70% <-IRR #YR-> 10 CFPS 5 yr Running 260.92% US$
CF/-WC P/CF Med 10 yr 20.80 5 yr  33.39 P/CF Med 10 yr 21.64 5 yr  24.09 43.89% Diff M/C 13.55% <-IRR #YR-> 5 CFPS 5 yr Running 88.81% US$
$435.61 <-12 mths 17.48%
CF fr Op $M CDN$ $41.5 $52.0 $62.7 $93.5 $120.6 $146.4 $145.1 $135.7 $140.0 $371.5 $212.1 $143.4 $370.8 $372.7 $498.9 491.73% <-Total Growth 10 Cash Flow CDN$
Increase -28.58% 25.32% 20.46% 49.21% 28.98% 21.36% -0.89% -6.47% 3.20% 165.30% -42.91% -32.37% 158.54% 0.50% 33.88% SO, S Issu Buy Backs
5 year Running Average $45.5 $49.9 $51.5 $61.6 $74.1 $95.0 $113.6 $128.2 $137.5 $187.7 $200.9 $200.5 $247.6 $294.1 $319.6 380.80% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $1.39 $1.73 $1.75 $2.61 $3.36 $4.08 $4.04 $3.77 $3.37 $8.52 $4.82 $3.24 $8.30 $8.34 $11.17 374.12% <-Total Growth 10 Cash Flow per Share CDN$
Increase -27.68% 24.78% 1.18% 49.19% 28.50% 21.69% -1.09% -6.63% -10.52% 152.57% -43.46% -32.70% 155.90% 0.50% 33.88% 19.46% <-IRR #YR-> 10 Cash Flow 491.73% CDN$
5 year Running Average $1.52 $1.67 $1.65 $1.88 $2.17 $2.71 $3.17 $3.57 $3.72 $4.76 $4.91 $4.75 $5.65 $6.64 $7.17 22.27% <-IRR #YR-> 5 Cash Flow 173.28% CDN$
P/CF on Median Price 11.65 8.41 10.61 10.60 12.29 14.44 19.20 25.76 34.55 16.01 44.38 59.57 23.52 27.56 0.00 16.84% <-IRR #YR-> 10 Cash Flow per Share 374.12% CDN$
P/CF on Close Price 9.85 8.22 13.24 11.50 16.66 15.61 21.77 24.84 35.83 20.44 51.60 51.13 25.87 31.00 23.16 17.09% <-IRR #YR-> 5 Cash Flow per Share 120.06% CDN$
45.17% Diff M/C 13.12% <-IRR #YR-> 10 CFPS 5 yr Running 242.94% CDN$
$440.78 <-12 mths 14.79%
Excl.Working Capital CF $10.8 -$11.2 -$9.5 -$16.7 -$44.5 -$21.1 $9.8 $70.1 -$14.4 -$114.0 $115.9 $237.1 $13.2 $0.0 $0.0 9.61% <-IRR #YR-> 5 CFPS 5 yr Running 58.21% CDN$
CF fr Op $M WC CDN$ $52.3 $40.8 $53.2 $76.8 $76.1 $125.2 $154.8 $205.8 $125.6 $257.5 $327.9 $380.5 $384.0 $372.7 $498.9 621.67% <-Total Growth 10 Cash Flow less WC CDN$
Increase 13.62% -21.97% 30.31% 44.41% -1.01% 64.62% 23.66% 32.93% -38.98% 105.01% 27.37% 16.04% 0.91% -2.95% 33.88% 21.85% <-IRR #YR-> 10 Cash Flow less WC 621.67% CDN$
5 year Running Average $47.7 $47.7 $45.5 $53.9 $59.9 $74.4 $97.2 $127.8 $137.5 $173.8 $214.3 $259.5 $295.1 $344.5 $392.8 13.28% <-IRR #YR-> 5 Cash Flow less WC 86.55% CDN$
CFPS Excl. WC CDN$ $1.75 $1.36 $1.49 $2.15 $2.12 $3.49 $4.31 $5.72 $3.03 $5.91 $7.45 $8.60 $8.59 $8.34 $11.17 20.56% <-IRR #YR-> 10 CF less WC 5 Yr Run 548.76% CDN$
Increase 15.05% -22.30% 9.45% 44.39% -1.37% 65.06% 23.40% 32.70% -47.09% 95.17% 26.13% 15.48% -0.12% -2.95% 33.88% 18.23% <-IRR #YR-> 5 CF less WC 5 Yr Run 130.99% CDN$
5 year Running Average $1.60 $1.60 $1.46 $1.65 $1.77 $2.12 $2.71 $3.56 $3.73 $4.49 $5.28 $6.14 $6.72 $7.78 $8.83 19.18% <-IRR #YR-> 10 CFPS - Less WC 478.24% CDN$
P/CF on Median Price 9.24 10.71 12.50 12.89 19.48 16.88 17.98 16.98 38.52 23.09 28.70 22.45 22.71 27.56 0.00 8.48% <-IRR #YR-> 5 CFPS - Less WC 50.22% CDN$
P/CF on Close Price 7.81 10.48 15.60 14.00 26.41 18.25 20.40 16.38 39.94 29.49 33.37 19.27 24.98 31.00 23.16 16.50% <-IRR #YR-> 10 5 yr Running 360.49% CDN$
*Operational Cash Flow per share  CF/-WC P/CF Med 10 yr 21.36 5 yr  34.55 P/CF Med 10 yr 20.97 5 yr  23.09 47.87% Diff M/C 13.55% <-IRR #YR-> 5 5 yr Running 88.79% CDN$
-$1.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.30 Cash Flow per Share CDN$
-$3.77 $0.00 $0.00 $0.00 $0.00 $8.30 Cash Flow per Share CDN$
-$1.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.65 CFPS 5 yr Running CDN$
-$3.57 $0.00 $0.00 $0.00 $0.00 $5.65 CFPS 5 yr Running CDN$
-$53 $0 $0 $0 $0 $0 $0 $0 $0 $0 $384 Cash Flow less WC CDN$
-$206 $0 $0 $0 $0 $384 Cash Flow less WC CDN$
-$45 $0 $0 $0 $0 $0 $0 $0 $0 $0 $295 CF less WC 5 Yr Run CDN$
-$128 $0 $0 $0 $0 $295 CF less WC 5 Yr Run CDN$
-$1.49 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.59 CFPS - Less WC CDN$
-$5.72 $0.00 $0.00 $0.00 $0.00 $8.59 CFPS - Less WC CDN$
-$1.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.72 CFPS 5 yr Running CDN$
-$3.56 $0.00 $0.00 $0.00 $0.00 $6.72 CFPS 5 yr Running CDN$
Accounts receivable -$19.889 -$33.613 -$22.052 $2.892 -$21.077 -$15.029 -$37.100 -$17.396 $8.908 -$86.943 -$69.671 -$93.822
Inventories -$3.046 -$1.226 -$3.415 -$6.108 -$4.542 -$0.821 -$5.780 -$7.107 -$44.235 -$15.505 -$71.517 $22.240
Prepaid expenses and other current assets -$3.897 -$2.982 -$4.704 -$1.045 -$1.796 -$3.656 -$6.152 -$1.033 -$1.618 -$8.591 $0.266 -$4.840
Accounts payable -$0.936 -$2.455 $19.287 -$1.166 -$0.072 $5.013 -$3.249 $0.858 $13.710 -$10.363 $11.545 -$17.063
Accrued liabilities $28.979 $44.447 $46.769 $21.130 $21.052 -$2.854 $12.462 $7.228 $72.270 $12.329 -$8.844 $25.910
Income tax payable $11.842 -$0.421 -$10.264 $11.402 $12.929 -$13.460 -$5.142 $4.644 $4.642 -$4.783 -$13.819 $10.815
Unearned revenues $0.048 $0.901 $3.625 $2.395 $10.194 $4.611 -$6.330 $11.808 $13.055 $18.075 $3.821 $39.956
Other liabilities $9.080 $12.901 -$0.897 $3.239 -$0.817 $18.598 $1.257 $13.069 $22.808 $17.662 -$26.842 $11.176
Contingent acquisition consideration paid -$0.579 -$0.122 -$0.193 -$1.383 -$0.962 $0.000 -$13.273 $0.000 -$4.334
                       
Sum $22.181 $17.552 $28.349 $32.160 $15.749 -$7.791 -$51.417 $11.109 $89.540 -$91.392 -$175.061 -$9.962 Sum
Google --> Morningstar -> TD $28.35 $32.16 $15.75 -$8 -$51 $11 $90 -$91 -$175 -$10 Google --> Morningstar
Difference $0.00 $0.00 $0.00 $0 $0 $0 $0 $0 $0 $0 Difference
Morningstar $18 -$7 $32 $16 Morningstar
Difference $0 $35 $0 $0 Difference
TD -$7.00 $32 $16 -$6
$35 $0 $0 -$2
OPM 3.61% 4.47% 4.96% 5.86% 6.89% 7.35% 6.78% 5.15% 4.48% 10.52% 5.15% 2.83% 6.47% 5.11% 30.37% <-Total Growth 10 OPM CDN$
Increase -37.74% 23.86% 11.06% 18.12% 17.56% 6.69% -7.76% -24.05% -13.04% 135.00% -51.08% -45.09% 128.80% -20.98% Should increase  or be stable. CDN$
Diff from Ave -41.5% -27.5% -19.5% -4.9% 11.8% 19.3% 10.0% -16.5% -27.4% 70.7% -16.5% -54.1% 4.9% -17.1% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 6.16% 5 Yrs 5.15% should be  zero, it is a   check on calculations CDN$
$479 <-12 mths 15.25%
Adjusted EBITDA US$ $70.57 $78.93 $78.91 $74.10 $103.04 $130.32 $159.31 $190.61 $235.18 $283.72 $327.38 $352.73 $415.73 $514.1 $552.9 $587.6 426.82% <-Total Growth 10 Adjusted EBITDA US$
Change 11.86% -0.02% -6.10% 39.05% 26.48% 22.24% 19.65% 23.38% 20.64% 15.39% 7.75% 17.86% 23.66% 7.55% 6.28% 20.14% <-Median-> 10 Change US$
Margin 6.26% 6.76% 6.65% 5.39% 8.15% 8.79% 9.34% 9.87% 9.77% 10.23% 10.08% 9.42% 9.59% 9.93% 9.95% 10.02% 9.50% <-Median-> 10 Margin US$
Long Term Debt US$ $221.63 $197.16 $249.87 $266.87 $330.61 $761.08 $533.13 $595.37 $698.80 $1,144.98 $1,252.67 Debt US$
Change -11.04% 26.73% 6.81% 23.88% 130.21% -29.95% 11.67% 17.37% 63.85% 9.41% 17.37% <-Median-> 9 Change US$
Debt/Market Cap Ratio 0.24 0.14 0.15 0.11 0.13 0.20 0.09 0.07 0.13 0.16 0.15 0.13 <-Median-> 10 Debt/Market Cap Ratio US$
Assets/Current Liabilities Ratio 2.60 4.62 4.22 4.11 4.44 5.46 4.04 4.06 4.36 4.70 4.90 4.29 <-Median-> 10 Assets/Current Liab Ratio US$
Current Liabilities/Asset Ratio 0.38 0.22 0.24 0.24 0.23 0.18 0.25 0.25 0.23 0.21 0.20 0.23 <-Median-> 10 Current Liab/Asset Ratio US$
Debt to Cash Flow (Years) 2.75 2.26 2.29 2.31 3.32 7.06 1.83 3.56 6.60 4.08 4.73 3.04 <-Median-> 10 Debt to Cash Flow (Years) US$
Long Term Debt CDN$ $257.12 $273.01 $335.50 $334.79 $451.02 $988.49 $678.78 $754.81 $946.45 $1,514.34 $1,763.63 Debt CDN$
Change 6.18% 22.89% -0.21% 34.71% 119.17% -31.33% 11.20% 25.39% 60.00% 16.46% 22.89% <-Median-> 9 Change CDN$
Debt/Market Cap Ratio 0.24 0.14 0.15 0.11 0.13 0.20 0.09 0.07 0.13 0.16 0.15 0.13 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 2.60 4.62 4.22 4.11 4.44 5.46 4.04 4.06 4.36 4.70 4.90 4.29 <-Median-> 10 Assets/Current Liab Ratio CDN$
Current Liabilities/Asset Ratio 0.38 0.22 0.24 0.24 0.23 0.18 0.25 0.25 0.23 0.21 0.20 0.23 <-Median-> 10 Current Liab/Asset Ratio CDN$
Debt to Cash Flow (Years) 2.75 2.26 2.29 2.31 3.32 7.06 1.83 3.56 6.60 4.08 4.73 3.04 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles US$ $79.5 $121.1 $133.8 $148.8 $366.2 $378.8 $382.1 $368.5 $628.0 690.17% <-Total Growth 8 Intangibles US$
Goodwill US$ $220.6 $266.2 $291.9 $484.0 $644.8 $703.7 $843.4 $886.1 $1,179.8 434.71% <-Total Growth 8 Goodwill US$
Pre-split '15 $395.5 $580.6 $604.4 $701.3 #DIV/0! <-Total Growth 1 US$
Total US$ $200.4 $294.2 $306.2 $355.3 $300.1 $387.3 $425.8 $632.8 $1,011.1 $1,082.5 $1,225.5 $1,254.5 $1,807.8 $2,070.2 490.36% <-Total Growth 10 Total US$
Change 46.80% 4.09% 16.04% -15.54% 29.04% 9.94% 48.62% 59.79% 7.06% 13.21% 2.37% 44.10% 14.51% 14.62% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.50 0.68 0.39 0.39 0.21 0.23 0.17 0.26 0.26 0.18 0.14 0.23 0.25 0.25 0.23 <-Median-> 10 % of Market C. US$
Intangibles CDN$ $110.1 $162.6 $167.9 $203.0 $475.7 $482.2 $484.4 $499.0 $830.6 654.71% <-Total Growth 8 Intangibles
Goodwill CDN$ $305.5 $357.4 $366.2 $660.2 $837.5 $896.0 $1,069.2 $1,200.1 $1,560.4 410.72% <-Total Growth 8 Goodwill
Total CDN$ $204.7 $293.3 $325.7 $412.2 $415.6 $520.0 $534.1 $863.2 $1,313.2 $1,378.2 $1,553.6 $1,699.1 $2,391.0 $2,914.7 634.12% <-Total Growth 10 Total CDN$
Change 43.28% 11.07% 26.57% 0.81% 25.12% 2.72% 61.61% 52.13% 4.95% 12.73% 9.36% 40.72% 21.90% 18.92% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.50 0.69 0.39 0.38 0.21 0.23 0.17 0.26 0.26 0.18 0.14 0.23 0.25 0.25 0.23 <-Median-> 10 % of Market C. CDN$
Pre-split '15 $450.20 $510.54 $615.26 $707.82
Current Assets US$ $228.12 $258.69 $311.75 $358.65 $236.42 $303.79 $321.32 $415.07 $668.14 $819.32 $964.66 $1,108.87 $1,361.00 $1,522.76 Liquidity ratio of 1.5 and up, best US$
Pre-split '15 $594.25 $467.90 $570.16 $630.16
Current Liabilities $301.11 $237.08 $288.90 $319.30 $130.10 $182.82 $204.03 $226.95 $358.21 $543.75 $618.47 $636.99 $770.77 $840.91 1.70 <-Median-> 10 Ratio US$
Liquidity 0.76 1.09 1.08 1.12 1.82 1.66 1.57 1.83 1.87 1.51 1.56 1.74 1.77 1.81 1.74 <-Median-> 5 Ratio US$
Pre-split '15 $1,233.7 $1,317.9 $1,443.5 $1,639.4
Assets US$ $625.12 $667.78 $731.43 $830.70 $600.48 $770.96 $837.73 $1,007.47 $1,955.47 $2,196.54 $2,509.02 $2,774.51 $3,625.74 $4,117.56 Debt Ratio of 1.5 and up, best US$
Pre-split '15 $848.7 $926.0 $1,194.5 $1,406.2
Liabilities $430.03 $469.21 $605.23 $712.53 $355.90 $487.58 $516.79 $619.66 $1,354.92 $1,343.11 $1,490.17 $1,633.62 $1,024.15 $2,542.02 1.63 <-Median-> 10 Ratio US$
Debt Ratio 1.45 1.42 1.21 1.17 1.69 1.58 1.62 1.63 1.44 1.64 1.68 1.70 3.54 1.62 1.68 <-Median-> 5 Ratio US$
Check  $195.1 $198.6 $126.2 $118.2 $244.6 $283.4 $320.9 $387.8 $600.5 $853.4 $1,018.9 $1,140.9 $2,601.6 $1,575.5
Estimates BVPS $26.21 $29.17 $33.06 Estimates Estimates BVPS
Estimate Book Value $1,171.1 $1,303.4 $1,477.2 Estimates Estimate Book Value
P/B Ratio (Close) 7.04 6.32 6.08 Estimates P/B Ratio (Close)
Difference from 10 year median -12.34% Diff M/C Estimates Difference from 10 yr med.
Total Equity US$ $195.1 $198.6 $126.2 $118.2 $244.6 $283.4 $320.9 $387.8 $600.5 $853.4 $1,018.9 $1,140.9 $2,601.6 $1,575.5 1961.60% <-Total Growth 10 Book Value US$
Change 3.06% 1.79% -36.45% -6.36% 106.98% 15.86% 13.25% 20.84% 54.86% 42.11% 19.38% 11.98% 128.03% -39.44% 8.01 <-Median-> 1 Change
Pre-split '15 $141.4 $152.0 $7.1 $8.0 -100.00% <-Total Growth 1 Pre-split '15
Non-control int.US$ $71.65 $77.00 $3.61 $4.06 $77.56 $102.4 $117.7 $151.6 $174.7 $193.0 $219.1 $233.4 $333.0 $427.0 9118.86% <-Total Growth 10 Non-control int.US$ US$
Pre-split '15 $140.6 $130.8 $0.0 $0.0 #DIV/0! <-Total Growth 1 Pre-split '15
Preferred Shares US$ $71.22 $66.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #DIV/0! <-Total Growth 10 Preferred Shares US$ US$
Pre-split '15
Book Value US $52.2 $55.3 $122.6 $114.1 $167.0 $181.0 $203.2 $236.2 $425.9 $660.4 $799.7 $907.5 $2,268.6 $1,148.5 $1,148.5 $1,148.5 1750.72% <-Total Growth 10 Book Value US$
Book Value per Share $1.74 $1.84 $3.42 $3.19 $4.65 $5.05 $5.66 $6.57 $10.26 $15.15 $18.17 $20.52 $50.77 $25.70 $25.70 $25.70 1382.88% <-Total Growth 10 Book Value per Share US$
Change 89.94% 5.48% 86.12% -6.92% 45.83% 8.67% 12.04% 16.03% 56.32% 47.62% 19.93% 12.92% 147.45% -49.37% 0.00% 0.00% -10.62% P/B Ratio Current/10 Year Median US$
P/B Ratio (Median) 9.28 7.90 5.22 7.61 7.04 8.49 10.59 11.58 8.45 6.70 9.29 7.46 2.84 6.47 7.04 P/B Ratio Historical Median US$
P/B Ratio (Close) 7.70 7.78 6.37 8.09 8.70 9.40 12.36 10.43 9.07 9.03 10.81 5.97 3.19 7.18 7.18 7.82 30.95% <-IRR #YR-> 10 Book Value per Share 1382.88% US$
Change -53.79% 1.14% -18.15% 26.93% 7.58% 8.06% 31.44% -15.59% -13.09% -0.43% 19.79% -44.76% -46.55% 124.81% 0.00% 9.00% 50.55% <-IRR #YR-> 5 Book Value per Share 673.32% US$
Leverage (A/BK) 3.20 3.36 5.80 7.03 2.46 2.72 2.61 2.60 3.26 2.57 2.46 2.43 1.39 2.61 2.59 <-Median-> 10 A/BV US$
Debt/Equity Ratio 2.20 2.36 4.80 6.03 1.46 1.72 1.61 1.60 2.26 1.57 1.46 1.43 0.39 1.61 1.59 <-Median-> 10 Debt/Eq Ratio US$
P/BV 10 yr Med 8.03 5 yr Med 7.46 -10.62% Diff M/C
-$3.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.77
-$6.57 $0.00 $0.00 $0.00 $0.00 $50.77
Pre-split '15
Current Assets CDN$ $232.98 $257.87 $331.58 $416.07 $327.39 $407.90 $403.10 $566.24 $867.78 $1,043.15 $1,223.00 $1,501.86 $1,800.06 $2,143.90 Liquidity ratio of 1.5 and up, best CDN$
Pre-split '15
Current Liabilities $307.53 $236.33 $307.28 $370.42 $180.15 $245.48 $255.95 $309.60 $465.24 $692.30 $784.10 $862.74 $1,019.43 $1,183.92 1.70 <-Median-> 10 Ratio CDN$
Liquidity 0.76 1.09 1.08 1.12 1.82 1.66 1.57 1.83 1.87 1.51 1.56 1.74 1.77 1.81 1.74 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 0.89 1.31 1.28 1.37 2.48 2.25 2.14 2.26 2.16 2.04 1.83 1.91 2.13 2.12 2.04 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  0.75 1.04 1.17 1.37 2.48 2.25 2.14 2.26 2.16 2.04 1.83 1.91 2.13 2.12 2.04 <-Median-> 5 Ratio CDN$
Pre-split '15
Assets CDN$ $638.5 $665.7 $777.9 $963.7 $831.5 $1,035.2 $1,050.9 $1,374.4 $2,539.8 $2,796.6 $3,180.9 $3,757.8 $4,795.4 $5,797.1 Debt Ratio of 1.5 and up, best CDN$
Pre-split '15
Liabilities $439.2 $467.7 $643.7 $826.6 $492.8 $654.7 $648.3 $845.3 $1,759.8 $1,710.0 $1,889.2 $2,212.6 $1,354.5 $3,578.9 1.63 <-Median-> 10 Ratio CDN$
Debt Ratio 1.45 1.42 1.21 1.17 1.69 1.58 1.62 1.63 1.44 1.64 1.68 1.70 3.54 1.62 1.68 <-Median-> 5 Ratio CDN$
Check  $199.3 $197.9 $134.2 $137.1 $338.7 $380.5 $402.6 $529.1 $780.0 $1,086.6 $1,291.7 $1,545.2 $3,440.9 $2,218.2
Total Equity CDN$ $199.3 $197.9 $134.2 $137.1 $338.7 $380.5 $402.6 $529.1 $780.0 $1,086.6 $1,291.7 $1,545.2 $3,440.9 $2,218.2 2463.63% <-Total Growth 10 Book Value CDN$
T.E. CDN$ per share $6.65 $6.58 $3.75 $3.83 $9.42 $10.62 $11.21 $14.70 $18.80 $24.93 $29.35 $34.94 $77.01 $49.64 1954.10% <-Total Growth 10 Book Value per Share CDN$
P/BV (CL) 2.05 2.16 6.18 7.85 5.93 6.00 7.84 6.37 6.43 6.99 8.47 4.75 2.79 5.21 6.40 <-Median-> 10 P/BV (CL) CDN$
NCI CDN$ $73.2 $76.8 $3.8 $4.7 $107.4 $137.4 $147.7 $206.8 $226.9 $245.8 $277.8 $316.2 $440.4 $601.2 11363.77% <-Total Growth 10 NCI CDN$ CDN$
Preferred Shares CDN$ $72.7 $66.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 #DIV/0! <-Total Growth 10 Preferred Shares CDN$ CDN$
Book Value CDN$ $53.3 $55.1 $130.4 $132.4 $231.3 $243.1 $255.0 $322.3 $553.1 $840.8 $1,013.9 $1,229.1 $3,000.5 $1,617.0 $1,617.0 $1,617.0 2201.39% <-Total Growth 10 Book Value per Share CDN$
Book Value per Share $1.78 $1.83 $3.64 $3.70 $6.44 $6.78 $7.10 $8.96 $13.33 $19.29 $23.04 $27.79 $67.15 $36.19 $36.19 $36.19 1743.99% <-Total Growth 10 Book Value per Share CDN$
Change 94.58% 2.95% 98.58% 1.52% 74.07% 5.38% 4.68% 26.17% 48.83% 44.71% 19.42% 20.64% 141.64% -46.11% 0.00% 0.00% -11.68% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 9.07 7.93 5.10 7.48 6.41 8.70 10.92 10.85 8.75 7.07 9.28 6.95 2.91 6.35 5.66 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 7.67 7.76 6.37 8.12 8.69 9.40 12.39 10.46 9.07 9.03 10.79 5.97 3.20 7.15 7.15 7.82 33.84% <-IRR #YR-> 10 Book Value per Share 1743.99% CDN$
Change -53.91% 1.21% -17.96% 27.63% 6.91% 8.21% 31.79% -15.55% -13.30% -0.41% 19.49% -44.71% -46.43% 123.53% 0.00% 9.49% 49.62% <-IRR #YR-> 5 Book Value per Share 649.74% CDN$
Leverage (A/BK) 3.20 3.36 5.80 7.03 2.46 2.72 2.61 2.60 3.26 2.57 2.46 2.43 1.39 2.61 2.59 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 2.20 2.36 4.80 6.03 1.46 1.72 1.61 1.60 2.26 1.57 1.46 1.43 0.39 1.61 1.59 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/B Ratios 10 yr Med 8.09 5 yr Med 7.07 -11.68% Diff M/C 3.02 Historical Leverage (A/BK)
-$3.64 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $67.15
-$8.96 $0.00 $0.00 $0.00 $0.00 $67.15
$116.9 <-12 mths 30.05%
Pre-split '15 $46.87 $31.92 $39.29
Comprehensive Income US$ $23.75 $16.17 $19.91 $34.07 $54.71 $78.59 $87.66 -$224.97 $112.19 $155.95 $137.13 $148.57
Pre-split '15 $34.65 $57.80 $36.62
NCI $17.55 $29.28 $18.55 $16.80 $20.65 $23.60 $24.42 $23.60 $22.33 $20.92 $23.93 $46.63
Pre-split '15 $97.73
Shareholders $49.52 $6.19 -$13.11 $1.35 $17.27 $34.06 $54.99 $63.24 -$248.57 $89.86 $135.03 $113.19 $101.94 877% <-Total Growth 10 Comprehensive Income US$
Increase 59.12% -87.50% -311.76% 110.33% 1175.65% 97.22% 61.45% 15.00% -493.04% 136.15% 50.26% -16.17% -9.94% -9.94% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $24.50 $21.51 $14.67 $15.01 $12.24 $9.15 $18.91 $34.18 -$15.80 -$1.28 $18.91 $30.55 $38.29 #NUM! <-IRR #YR-> 10 Comprehensive Income 877.44% US$
ROE US$ 94.8% 11.2% -10.7% 1.2% 10.3% 18.8% 27.1% 26.8% -58.4% 13.6% 16.9% 12.5% 4.5% 10.02% <-IRR #YR-> 5 Comprehensive Income 61.19% US$
5Yr Median 94.8% 94.8% 11.2% 11.2% 10.3% 10.3% 10.3% 18.8% 18.8% 18.8% 16.9% 13.6% 12.5% 10.07% <-IRR #YR-> 10 5 Yr Running Average 12.01% US$
% Difference from NI 52.37% 425.61% -22.15% -93.83% -19.28% 1.38% 3.61% -3.98% 1.21% 2.98% -0.14% -6.51% 1.54% 2.29% <-IRR #YR-> 5 5 Yr Running Average 12.01% US$
Median Values Diff 5, 10 yr 0.5% 1.2% 12.5% <-Median-> 5 Comprehensive Income US$
$13.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $101.9
-$63.2 $0.0 $0.0 $0.0 $0.0 $101.9
-$14.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $38.3
-$34.2 $0.0 $0.0 $0.0 $0.0 $38.3
Current Liability Coverage Ratio US$ 0.17 0.17 0.17 0.21 0.42 0.51 0.60 0.66 0.27 0.37 0.42 0.44 0.38 0.31   CFO / Current Liabilities US$
5 year Median 0.22 0.20 0.17 0.17 0.17 0.21 0.42 0.51 0.51 0.51 0.42 0.42 0.38 0.38 0.38 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio US$ 8.20% 6.13% 6.84% 7.97% 9.15% 12.10% 14.73% 14.98% 4.95% 9.21% 10.31% 10.13% 8.01% 6.43% CFO / Total Assets US$
5 year Median 8.07% 8.07% 6.84% 7.97% 7.97% 7.97% 9.15% 12.10% 12.10% 12.10% 10.31% 10.13% 9.21% 9.21% 9.2% <-Median-> 5 Return on Assets  US$
Return on Assets ROA US$ 5.20% -0.28% -1.47% 2.64% 3.56% 4.36% 6.34% 6.54% -12.87% 3.97% 5.39% 4.36% 2.77% 3.44% Net  Income/Assets Return on Assets US$
5Yr Median 2.52% 0.31% -0.28% 0.31% 2.64% 2.64% 3.56% 4.36% 4.36% 4.36% 5.39% 4.36% 3.97% 3.97% 4.0% <-Median-> 5 Asset Efficiency Ratio US$
Return on Equity ROE US$ 62.24% -3.44% -8.76% 19.23% 12.81% 18.56% 26.12% 27.88% -59.08% 13.21% 16.91% 13.34% 4.43% 12.34% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 17.57% 6.30% -3.44% 6.30% 12.81% 12.81% 18.56% 19.23% 18.56% 18.56% 16.91% 13.34% 13.21% 13.21% 13.2% <-Median-> 5 Return on Equity US$
$108.2 <-12 mths 7.74%
Currency
Pre-split 15 $101.74 $40.93 $41.64 $90.94
Net Income US$ $51.55 $20.74 $21.10 $46.08 $38.20 $54.24 $76.67 $90.28 -$227.63 $109.59 $156.13 $145.01 $147.02
Pre-split 2015 $27.63 $35.08 $59.68 $47.62
NCI $14.00 $17.78 $30.24 $24.13 $16.80 $20.65 $23.59 $24.42 $23.98 $22.33 $20.92 $23.93 $46.63
Pre-split 2015 $9.97 $9.60 $3.15 $0.00
Preferred Dividends $5.05 $4.87 $1.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Pre-split 2015
Shareholders $32.50 -$1.90 -$10.73 $21.95 $21.40 $33.60 $53.08 $65.87 -$251.61 $87.26 $135.21 $121.07 $100.39 $142 $165 $198 1035.22% <-Total Growth 10 Net Income US$
Increase 1752.12% -105.85% 464.48% -304.47% -2.52% 57.03% 57.99% 24.09% -482.01% -134.68% 54.95% -10.46% -17.08% 41.15% 16.44% 20.18% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $10.5 $7.4 -$1.2 $8.7 $12.6 $12.9 $23.9 $39.2 -$15.5 -$2.4 $18.0 $31.6 $38.5 $117.1 $132.7 $145.3 #NUM! <-IRR #YR-> 10 Net Income 1035.22% US$
Operating Cash Flow $40.64 $52.19 $58.92 $80.60 $87.09 $109.01 $115.64 $99.46 $107.81 $291.77 $167.27 $105.89 $280.36 8.79% <-IRR #YR-> 5 Net Income 52.42% US$
Pre-split 2015 -$58.85 -$61.85 -$27.30 -$156.18 3188.16%
Investment Cash Flow -$58.85 -$61.85 -$27.30 $147.46 -$32.28 -$130.84 -$75.92 -$106.20 -$614.97 -$142.26 -$206.32 -$160.80 -$646.33 #NUM! <-IRR #YR-> 10 5 Yr Running Average -1.82% US$
Total Accruals $50.70 $7.77 -$42.35 -$206.12 -$33.42 $55.44 $13.36 $72.60 $255.55 -$62.24 $174.26 $175.98 $466.36 -0.37% <-IRR #YR-> 5 5 Yr Running Average US$
Total Assets $625.1 $667.8 $731.4 $830.7 $600.5 $771.0 $837.7 $1,007.5 $1,955.5 $2,196.5 $2,509.0 $2,774.5 $3,625.7 Balance Sheet Assets US$
Accruals Ratio 8.11% 1.16% -5.79% -24.81% -5.57% 7.19% 1.60% 7.21% 13.07% -2.83% 6.95% 6.34% 12.86% 6.95% <-Median-> 5 Ratio US$
$10.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $100.4
-$65.9 $0.0 $0.0 $0.0 $0.0 $100.4
$1.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $38.5
-$39.2 $0.0 $0.0 $0.0 $0.0 $38.5
Pre-split 2015 -$22.26 -$32.14 -$48.18 $19.10
Financial Cash Flow US$ -$11.28 -$16.28 -$24.41 $9.68 -$75.14 $19.50 -$26.33 $20.44 $561.14 -$75.20 $24.43 $18.78 $413.95 C F Statement  Fin. C. F US$
Total Accruals $61.98 $24.05 -$17.94 -$215.79 $41.72 $35.94 $39.69 $52.16 -$305.60 $12.95 $149.83 $157.20 $52.41 Accruals US$
Accruals Ratio 9.91% 3.60% -2.45% -25.98% 6.95% 4.66% 4.74% 5.18% -15.63% 0.59% 5.97% 5.67% 1.45% Ratio US$
$148.2 <-12 mths 29.49%
Comprehensive Income CDN$ $23.67 $17.20 $23.09 $47.18 $73.46 $98.59 $119.58 -$292.19 $142.85 $197.71 $185.72 $196.49
NCI $17.50 $31.15 $21.52 $23.27 $27.72 $29.60 $33.31 $30.65 $28.43 $26.52 $32.41 $61.67
Shareholders $50.58 $6.17 -$13.95 $1.57 $23.92 $45.74 $68.99 $86.27 -$322.84 $114.41 $171.19 $153.31 $134.82 1067% <-Total Growth 10 Comprehensive Income CDN$
Increase 63.00% -87.80% -325.94% 111.26% 1422.66% 91.23% 50.85% 25.05% -474.20% 135.44% 49.62% -10.45% -12.06% -10.45% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $25.75 $22.63 $14.69 $15.08 $13.66 $12.69 $25.25 $45.30 -$19.58 -$1.49 $23.61 $40.47 $50.18 #NUM! <-IRR #YR-> 10 Comprehensive Income 1066.76% CDN$
ROE CDN$ 94.8% 11.2% -10.7% 1.2% 10.3% 18.8% 27.1% 26.8% -58.4% 13.6% 16.9% 12.5% 4.5% 9.34% <-IRR #YR-> 5 Comprehensive Income 56.27% CDN$
5Yr Median 94.8% 94.8% 11.2% 11.2% 10.3% 10.3% 10.3% 18.8% 18.8% 18.8% 16.9% 13.6% 12.5% 13.07% <-IRR #YR-> 10 5 Yr Running Average 10.78% CDN$
% Difference from NI 52.37% 425.61% -22.15% -93.83% -19.28% 1.38% 3.61% -3.98% 1.21% 2.98% -0.14% -6.51% 1.54% 2.07% <-IRR #YR-> 5 5 Yr Running Average 10.78% CDN$
Median Values Diff 5, 10 yr 1.2% 12.5% <-Median-> 5 Comprehensive Income CDN$
$13.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $134.8
-$86.3 $0.0 $0.0 $0.0 $0.0 $134.8
-$14.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $50.2
-$45.3 $0.0 $0.0 $0.0 $0.0 $50.2
Current Liability Coverage Ratio CDN$ 0.17 0.17 0.17 0.21 0.42 0.51 0.60 0.66 0.27 0.37 0.42 0.44 0.38 0.31   CFO / Current Liabilities CDN$
5 year Median 0.22 0.20 0.17 0.17 0.17 0.21 0.42 0.51 0.51 0.51 0.42 0.42 0.38 0.38 0.38 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio CDN$ 8.20% 6.13% 6.84% 7.97% 9.15% 12.10% 14.73% 14.98% 4.95% 9.21% 10.31% 10.13% 8.01% 6.43% CFO / Total Assets CDN$
5 year Median 8.07% 8.07% 6.84% 7.97% 7.97% 7.97% 9.15% 12.10% 12.10% 12.10% 10.31% 10.13% 9.21% 9.21% 9.2% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA CDN$ 5.2% -0.3% -1.5% 2.6% 3.6% 4.4% 6.3% 6.5% -12.9% 4.0% 5.4% 4.4% 2.8% 2.7% Net  Income/Assets Return on Assets CDN$
5Yr Median 2.5% 0.3% -0.3% 0.3% 2.6% 2.6% 3.6% 4.4% 4.4% 4.4% 5.4% 4.4% 4.0% 4.0% 4.0% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE CDN$ 62.2% -3.4% -8.8% 19.2% 12.8% 18.6% 26.1% 27.9% -59.1% 13.2% 16.9% 13.3% 4.4% 9.8% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 17.6% 6.3% -3.4% 6.3% 12.8% 12.8% 18.6% 19.2% 18.6% 18.6% 16.9% 13.3% 13.2% 13.2% 13.2% <-Median-> 5 Return on Equity CDN$
$152.3 <-12 mths 14.69%
Net Income CDN$ $52.65 $20.68 $22.44 $53.45 $52.89 $72.83 $96.19 $123.16 -$295.65 $139.53 $197.94 $196.40 $194.45
NCI $14.30 $17.72 $32.16 $27.99 $23.27 $27.72 $29.60 $33.31 $31.14 $28.43 $26.52 $32.41 $61.67
Preferred Dividends $5.16 $4.85 $1.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Pre-split 2015
Shareholders $33.19 -$1.90 -$11.42 $25.46 $29.63 $45.11 $66.59 $89.85 -$326.79 $111.10 $171.42 $163.98 $132.78 $159 $159 $159 1262.96% <-Total Growth 10 Net Income CDN$
Increase 1797.32% -105.71% 502.29% -323.02% 16.36% 52.26% 47.61% 34.94% -463.70% -134.00% 54.30% -4.34% -19.03% 19.75% 0.00% 0.00% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $11.9 $8.7 -$1.5 $9.4 $15.0 $17.4 $31.1 $51.3 -$19.1 -$2.8 $22.4 $41.9 $50.5 $147.7 $157.2 $154.8 #NUM! <-IRR #YR-> 10 Net Income 1262.96% CDN$
Operating Cash Flow $41.51 $52.02 $62.66 $93.50 $120.60 $146.36 $145.06 $135.68 $140.02 $371.48 $212.06 $143.42 $370.80 24.10% <-IRR #YR-> 5 Net Income 47.77% CDN$
Pre-split 2015 3416.89%
Investment Cash Flow -$60.10 -$61.66 -$29.03 $171.07 -$44.70 -$175.68 -$95.24 -$144.88 -$798.72 -$181.13 -$261.57 -$217.79 -$854.83 #NUM! <-IRR #YR-> 10 5 Yr Running Ave. -1.62% CDN$
Total Accruals $51.78 $7.74 -$45.05 -$239.11 -$46.27 $74.43 $16.76 $99.05 $331.90 -$79.25 $220.93 $238.35 $616.81 23.78% <-IRR #YR-> 5 5 Yr Running Ave. CDN$
Total Assets $638.5 $665.7 $777.9 $963.7 $831.5 $1,035.2 $1,050.9 $1,374.4 $2,539.8 $2,796.6 $3,180.9 $3,757.8 $4,795.4 Balance Sheet Assets CDN$
Accruals Ratio 8.11% 1.16% -5.79% -24.81% -5.57% 7.19% 1.60% 7.21% 13.07% -2.83% 6.95% 6.34% 12.86% 6.95% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.60 -0.04 -0.23 0.33 0.39 0.35 0.42 0.43 -2.82 0.44 0.52 0.43 0.34 0.40 <-Median-> 10 EPS/CF Ratio CDN$
$11.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $132.78
-$45.1 $0.0 $0.0 $0.0 $0.0 $132.78
$1.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $50.5
-$17.4 $0.0 $0.0 $0.0 $0.0 $50.5
Pre-split 2015
Change in Close -10.32% 4.19% 62.93% 29.57% 86.10% 14.03% 37.95% 6.55% 29.03% 44.11% 42.69% -33.30% 29.46% 20.47% 0.00% 9.49% Count 29 Years of data CDN$
up/down Down Up Up Up Down Down Down Down Down Down Count 23 79.31% CDN$
Meet Prediction? Yes Yes Yes Yes % right Count 11 47.83% CDN$
Financial Cash Flow CDN$ -$11.52 -$16.23 -$25.96 $11.23 -$104.05 $26.18 -$33.03 $27.89 $728.81 -$95.74 $30.97 $25.44 $547.48 C F Statement  Financial CF CDN$
Total Accruals $63.30 $23.98 -$19.08 -$250.34 $57.77 $48.25 $49.79 $71.16 -$396.91 $16.49 $189.96 $212.91 $69.32 Accruals CDN$
Accruals Ratio 9.91% 3.60% -2.45% -25.98% 6.95% 4.66% 4.74% 5.18% -15.63% 0.59% 5.97% 5.67% 1.45% 1.45% <-Median-> 5 Ratio CDN$
Pre-split 2015 $97.8 $108.7 $142.7 $156.8
Cash US$ $49.55 $55.07 $72.31 $79.45 $45.56 $43.38 $57.19 $79.84 $134.29 $208.94 $194.27 $194.27 $194.27 $236.05 Cash US$
Cash CDN$ $50.61 $54.90 $76.91 $92.17 $63.09 $58.25 $71.74 $108.92 $174.42 $266.02 $246.30 $263.12 $206.88 $332.33 Cash CDN$
Cash per Share $1.69 $1.83 $2.15 $2.57 $1.76 $1.63 $2.00 $3.03 $4.20 $6.10 $5.60 $5.95 $4.63 $7.44 $5.60 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 12.38% 12.83% 9.27% 8.57% 3.14% 2.55% 2.27% 3.23% 3.48% 3.50% 2.25% 3.59% 2.16% 2.88% 3.48% <-Median-> 5 % of Stock Price CDN$
$1.80 <-12 mths 55.13%
Adjusted EPS CDN$ $0.94 $0.82 $1.16 $2.96 $4.15 $4.46 -100.00% <-Total Growth 3 Earnings CDN$
Increase 15.17% -12.64% 41.61% 155.31% 40.43% 7.31% #NUM! <-IRR #YR-> 0 Earnings CDN$
Earnings Yield 6.9% 5.8% 5.0% 9.8% 7.4% 7.0% #NUM! <-IRR #YR-> 0 Earnings CDN$
5 year Running Average $0.81 $0.83 $0.90 $1.34 $2.01 $2.71 #NUM! <-IRR #YR-> 0 5 yr Running CDN$
P/E Med H/L 17.25 17.78 16.03 9.35 #NUM! <-IRR #YR-> -1 5 yr Running CDN$
P/E High 20.99 19.77 20.02 11.08 11.08 <-Median-> 1 P/E High CDN$
P/E Low 13.50 15.79 12.04 7.62 7.62 <-Median-> 1 P/E Low CDN$
P/E Close 14.58 17.39 20.01 10.15 13.46 14.30 13.46 <-Median-> 3 P/E Close CDN$
Trailing P/E Close 16.26 16.69 12.28 7.84 7.23 12.54 7.84 <-Median-> 3 P/E Close Tr CDN$
Payout Ratio 0.00% 0.00% 18.36% 15.69% 13.33% 12.95% 13.33% <-Median-> 3 Payout Ratio CDN$
Median  5 Yrs 16.03 19.77 12.43 Net of Unusual Items
$0.00 $0.00 $1.16
$0.00 $0.00 $1.16
$0.00 $0.00 $0.90
$0.00 $0.00 $0.90
GP CDN$ Adj. EPS $6.13 $5.81 $9.74 $15.69 $24.53 $26.08 $0.00 -100.00% <-Total Growth 4 GP Adj. EPS CDN$
Price/GP Ratio Med 2.64 2.50 1.91 1.76 1.83 <-Median-> 2 Price/GP Ratio CDN$
Price/GP Ratio High 3.21 2.78 2.38 2.09 2.24 <-Median-> 2 Price/GP Ratio CDN$
Price/GP Ratio Low 2.06 2.22 1.43 1.44 1.43 <-Median-> 2 Price/GP Ratio CDN$
Price/GP Ratio Close 2.23 2.45 2.38 1.91 2.28 2.44 #DIV/0! #DIV/0! <-Median-> 4 Price/GP Ratio CDN$
Prem/Disc Close 122.87% 144.87% 137.91% 91.48% 127.92% 144.40% #DIV/0! #DIV/0! <-Median-> 4 Graham Price CDN$
When company issued preferred stock instead of dividends.
Price Close Tot. $16.16 $16.76 $23.18 $30.04 $55.90 $63.74 -100.00% <-Total Growth 3 Stock Price CDN$
Increase -8.80% 3.69% 38.30% 29.57% 86.10% 14.03% #NUM! <-IRR #YR-> 0 Stock Price CDN$
Median 10, 5 Yrs P/E:  13.31 -12.45 #NUM! <-IRR #YR-> -1 Price & Dividend CDN$
This is true return as it includes Preferred shares
Only applies to shareholders $0.00 $0.00 $23.18
of 2008 $0.00 $0.00 $23.18
$0.18 $0.18 $25.88
$0.18 $0.18 $25.88
Div on Pref US$ $1.75 $1.75 $25.00
Div on stock* US$ $0.35 $0.35 Divided by Factor
Pre-split 15 $1.79 $1.74 $26.59
Div on Pref CND$ $0.91 $0.88 $13.47 Factor =  5.000 Dividends CDN$
Div on stock* CDN$ $0.18 $0.18 $2.69 #DIV/0! <-Total Growth 0 Dividends CDN$
Increase 2.44% -2.40% 1424.26% Factor is number of Pref shares per stock
Yield H/L Price 1.12% 1.22% 14.51% $0.08 <-Median-> 2 Dividends CDN$
Yield on Close Price 1.33% 1.24% 11.62% 6.43% <-Median-> 2 Dividends CDN$
Payout Ratio 17.2% -291.7% -781.3% -536.46% <-Median-> 2 DPR EPS CDN$
Payout Ratio CF 13.1% 10.2% 154.0% 82.08% <-Median-> 2 DPR CF CDN$
Payout Ratio CF NC 10.4% 13.0% 181.3% 97.17% <-Median-> 2 DPR CF NC CDN$
Median 5 Yrs 10.22% 11.64%
* Dividends per share equivalent for stock, CDN$ (paid in US$ so dividend fluctuates). $0.44 0.0%
Pre-split 15 $24.76 $25.00
Price Close Pref Shares $12.55 $12.67 $0.00 11.76% <-Total Growth 7 Stock Price
Div Yield 7.22% 6.98% #DIV/0! 1.87% <-IRR #YR-> 6 Stock Price CDN$
Price H/L Median $12.76 $25.00 $0.00 5.92% <-IRR #YR-> 5 Stock Price CDN$
9.15% <-IRR #YR-> 6 Price & Div  CDN$
Pre-split 15 $25.88 $25.00 14.79% <-IRR #YR-> 5 Price & Div  CDN$
Price High $13.11 $12.67 $0.00
Pre-split 15 $24.50 $25.00
Price Low $12.41 $12.67 $0.00
Price Close Pref Distributed $2.51 $2.53 $0.00
Pref. Shares and Yield 7.22%
$0.00 $12.67
$0.00 $12.67
$0.91 $13.55
$0.91 $13.55
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.
April 21, 2015.  Close of business on May 29, 2015 split effective June 1, 2015 company split into two companies of FirstService  Corp and Colliers.  
First Service Corp will be renamed Collier International Group Inc. (CIG) and First Service's Residential Real Estate Services and Property Serivices will be spun out into a new Company of First Service Corp. (FSV)
Notes:
November 10, 2024.  Last estimates were for 2023, 2024, 2025 of $4327M, $4534M, $4780M US$ Revenue, $4.72, $5.16, $5.75 US$ AESP, $2.79, $2.92, $3.47 US$ EPS, 
$0.88, $0.97, $1.03 US$ Dividend, $299M, $217M, $272M US$ FCF, $6.24, $6.84, $8.16 US$ CFPS, $416M, $441M, $484M US$ EBITDA, $23.30, $24.10 US$, 2023/4 BVPS, $125M, $131M, $156M US$ Net Income.
November 11, 2023.  Last estimates were for 2022, 2023 and 2024 of $3703M, $3977M and $4108M US$ for Revenue, $4.20, $4.75 and $5.00 US$ for AEPS, $2.64, $3.20 and $3.70 US$ for EPS, 
$0.87, $0.94 and $1.25 US$ for Dividends, $159M, $200M 2022/3 US$ for FCF, $5.51, $6.37 and $6.63 US$ for CFPS, $22.60, $24.10 and $25.90 US$ for BVPS, and $117M, $142M and $163M US$ for Net Income.
November 20, 2021.  Last estimates were for 2020, 2021 and 2022 of $2718M, $2932M and $3127M US$ for Revenue, $1.93, $2.21 and 2.53 US$ for EPS, 
$0.66, $0.73 and $0.80 US$ for Dividends, $163M, $136M and $160M US$ for FCF, $4.80 and $5.24 US$ for 2020-21 for CFPS and $83.5M , $96.5M and $110M US$ for Net Income.
December 6, 2020.  Last estimates were for 2019, and 2020  of $2400M and $2800M US$ for Revenue, $3.10, $3.36 and $3.79 US$ for EPS for 2019 to 2021, 
$4.21 US$ for CFPS for 2019 and $81.60M US$ for Net Income for 2019.
December 10, 2019.  Last estimates were for 2018, 2019 and 2020 of $2493M, $2716M and $2923M for Revenue CDN$, $2.54, $2.97 and $3.91 EPS CDN$, 
$5.29 and $5.57 for CFPS for 2018 and 2019 CDN$ and $90.1M, $108M and $143M for Net Income CDN$.
December 15, 2018.  Last estimates were for 2017, 2018 and 2019 of $2155M, $2327M and $2527M for Revenue , $1.84, $2.24 and $2.63 for EPS ,
 $3.86, $4.40 and $4.91 CFPS, $66.9M, $76.2M and $70.3M for Net Income all in CDN$.
December 16, 2017.  Last estimates were for 2016 and 2017 of $1466M and $1612M US$ for Revenue, $1.56, $1.80 and $2.11 US$ for EPS for 2016 to 2018, $2.37 and $2.95 for CFPS US$.
December 18, 2016.  Last estimates were for 2015, 2016 and 2017 of $1300M, $1400M and $1418M for Revenue US$, $1.20, $1.39 and $1.66 EPS US$, 
$2.37. $2.82 and $2.95 for CFPS US$ and $33.7M, $46.2M and $58.7M for Net Income US$
December 20, 2015.  Last estimates were for 2014, 2015 and 2016 of $2651M, $2902M and $3118M US$ for Revenue, Adjusted EPS of $2.55, $3.00 and $3.32 US$, 
EPS of $0.81, $1.02 and $1.20 US$, $ 4.16, $5.29 and $5.62 CFPS US$ and $29.9M, $40.9M and $58.1M for Net Income US$.
In June 2015, FirstSerice Corp annouced that the company was splitting into two companies, FirstSerice Corp and Colliers International with Symbol of TSX-CIGI and Nasdaq-CIGI.
December 13, 2014.  Last estimates were for 2013, 2014 and 2015 of $2367M, $2516M and $2587M US$ For Revenue, $1.88, $2.19 and $2.01 Adj EPS US$, $0.17 
and $0.60 EPS US$ fpr 2013 and 2014, $4.22, $5.70 and $4.61 CPFS US$.
Dec 8, 2013.  Last estimates were for 2012 and 2013 of $2289M and $2416M US$, Adj. EPS of $1.72 and $2.001 US$.
Dec 7, 2012.  Last estimates I got were for 2011 and 2012 at $2234M amd 2364M US$ for Revenue, Adjusted EPS $1.86 and $2.19US$ and $3.16 and $4.26 CFPS US$.
Dec 9, 2011.  Last estimates I got for 2010 and 2011 were EPS of $1.81 and $2.00US$.
Mar 2010 AR Dec 2009.  They provide an adjusted EPS of $1.42 US$.  This is earnings from continuing business.  Cannot figures out Book Value properly.
Mar 2009 AR Dec 2008.  I have an estimate of 1.08, but EPS came in at $1.41. I used 12 mths to Dec 08 figures from Globeinvestor, not annual report, which was for 9 mths.
AR Dec 2008.  The annual report date was changed but report just had 9 mths figures to Dec 2008.  I determined a last 12 month figure by using 9th figures plus Mar 2008 figure.  In some places I had to used
 Dec 2007  9 mth figure compared to March 2008 12 mth figure to get to the March 2008 Q figure.  I wanted a 12 mth figure.
May 2008.  I was looking at this as it has come down a lot over the last few months.  There is lots of insider buying.  Also, the company has instituted rebuying shares.  Has the market overreacted?
This is very possible.  The loss in EPS does not seem to call for such a large drop in price from $40 a share in July 2007 to $15 today. Or, is something else happening?  Does the market know 
something I cannot see? Usually heavy buying by a company and it excutives is a good sign.  I will hold for now. Also, even though the company said with the 2008 annual report that they would not be buying 
their stock, they have started to do so.  They stock has come down quite a bit from the time of the 2008 report.
AR2008.  Negative that they keep changing the value for Revenue.  They operate world wide, and US values are better than CDN, as our currency has increased a lot lately.
They have been hit by the problems in US, but TD feels that next year will be better.  They like their long term propects and have an action buy on this stock currently. I will hold for now.
2007.  This company has given out preferred shares, so now I get a dividend.
AR2006.  I haven't done well on this stock to date, but stock seems to have done well.
AR2005.  I haven't made much money on this stock IRR of 8.15, but I bought it at P/E of 21.4  Stock is back to where I bought it, basically, so no wonder I have made little money on it.  Paid too much. 
AP 2004.  Got it for a core stock.  Would be better if it had a dividend.  It is doing OK. 
Looks like a good company to buy.  The price is not unreasonable considering what the increase in EPS is.
1993.  IPO on Toronto Stock Exchange\
1989.  Founded by Jay S. Hennick
FSV.DB.U - Convertible Debentures
FSV.PR.U is Preferred Shares
Sector:
Real Estate
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I used to own this stock.
Why I bought and sold this stock.
I bought FirstService Corp in 2002 as it a good solid company that knows how to make money.  At that time I was still buying companies to earn capital gains. This one replaces Inco (which I had brought for CG and sold when I made them.)
I bought more of this company in 2007 from my profit from RIM. FSV was a non-dividend paying stock, but it had issued preferred shares to shareholders.
Their way of paying dividends by issuing preferred shares was interesting.  However, only if you held shares at the time of the special dividend of preferred shares would you get any dividends.
I bought FirstService Corp in 2002 as it looked like a good solid company that knows how to make money.
By 2010 the company was underperforming so I sold the stock and kept the preferred shares until the end of the year before selling them too.  Preferred shares are not by favorite why of getting dividends.
I sold my shares in 2010 when cleaning up by portfolio.  I sold this company because it was such a small amount of my portfolio.
Dividends
Cycle1 dividends being paid in January, April, July and October.  They are declared in one month and payable in the following month. 
On May29, 2013, the company started paying dividends with the initial dividend being paid on July 10 2013 to shareholders of record of June 28, 2013.
On August 1, 2007, the Company issued a stock dividend in the form of 7% Cumulative Preference Shares, Series 1 (the “Preferred Shares”) to holders of Subordinate Voting Shares and Multiple Voting Shares.
One Preferred Share was issued for every five outstanding Common Shares. Each Preferred Share has a stated amount of $25.00. Preferred dividends are payable quarterly on or about the last day of each quarter. 
The Preferred Shares are redeemable for cash or convertible into Subordinate Voting Shares at the option of the Company at any time. 
On May 3, 2013, the Company eliminated all of its outstanding Preferred Shares, redeeming 30% for cash consideration of $39,232 and converting the remaining Preferred Shares into Subordinate Voting Shares. 
The Preferred Shares were converted to Subordinate Voting Shares based on 95% of the weighted average trading price of the Subordinate Voting Shares on the NASDAQ stock market for the 20 trading days ended April 29, 2013 
(such weighted average trading price being $33.34). As a result, 2,889,900 new Subordinate Voting Shares were issued from treasury.
How they make their money
FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of 
residential communities. FirstService Brands generates most of the company's revenue and provides property services to residential and commercial customers. The 
company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.   
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 2016 Dec 16 2015 Dec 15 2018 Dec 10 2019 Dec 6 2020 Nov 2021 Nov 2021 Nov 11 2023 Nov 10 2024
Patterson, D. Scott 2.14% 0.825 2.30% 0.885 2.46% 1.005 2.42% 1.005 2.31% 1.130 2.57% 1.205 2.73% 1.205 2.70% 1.233 2.76% was officer in 2014 2.27%
CEO - Shares - Amount $48.778 $72.565 $82.940 $121.526 $175.137 $280.983 $199.844 $258.709 $318.716
Options - percentage 1.02% 0.430 1.20% 0.495 1.38% 0.500 1.20% 0.625 1.43% 0.650 1.48% 0.625 1.41% 0.600 1.34% 0.575 1.29% -4.17%
Options - amount $23.265 $37.810 $46.377 $60.445 $108.888 $161.590 $103.631 $128.790 $148.684
Rakusin, Jeremy 0.00% 0.031 0.09% 0.071 0.20% 0.124 0.30% 0.170 0.39% 0.199 0.45% 0.193 0.44% 0.206 0.46% 0.224 0.50% 8.73%
CFO - Shares - Amount $0.038 $2.691 $6.615 $14.942 $29.617 $49.372 $32.001 $44.239 $57.948
Options - percentage 0.56% 0.230 0.64% 0.250 0.69% 0.257 0.62% 0.245 0.56% 0.254 0.58% 0.318 0.72% 0.324 0.72% 0.329 0.74% 1.54%
Options - amount $12.748 $20.224 $23.423 $31.069 $42.684 $63.095 $52.728 $69.504 $85.021
Friedrichsen, John
CFO - Shares - Amount
Options - percentage
Options - amount
Cooke, Douglas G. 0.52% 0.196 0.54% 0.209 0.58% 0.208 0.50% 0.240 0.55% 0.260 0.59% 0.257 0.58% 0.261 0.58% 0.261 0.58% -0.04%
Officer - Shares - Amount $11.990 $17.200 $19.606 $25.134 $41.885 $64.565 $42.582 $56.091 $67.545
Options - percentage 0.00% 0.130 0.36% 0.154 0.43% 0.173 0.42% 0.156 0.36% 0.162 0.37% 0.212 0.48% 0.225 0.50% 0.237 0.53% 5.56%
Options - amount $0.000 $11.431 $14.405 $20.854 $27.178 $40.348 $35.201 $48.253 $61.361
Nguyen, Alex 0.070 0.16% 0.070 0.16% Ceased insider Jun 2024 -100.00%
Officer - Shares - Amount $11.524 $15.026
Options - percentage 0.212 0.48% 0.225 0.50% -100.00%
Options - amount $35.168 $48.210
#DIV/0!
Officer - Shares - Amount
Options - percentage #DIV/0!
Options - amount
Reichheld, Frederick R 0.021 0.05% 0.025 0.06% 20.57%
Director - Shares - Amount $4.486 $6.516
Options - percentage 0.041 0.09% 0.037 0.08% -10.68%
Options - amount $8.844 $9.516
Carducci, Elizabeth 0.000 0.00% 0.001 0.00% #DIV/0!
Director - Shares - Amount $0.000 $0.259
Options - percentage 0.020 0.04% 0.019 0.04% -5.00%
Options - amount $4.293 $4.913
Bissada, Yousry 0.001 0.00% 0.001 0.00% 0.001 0.00% 18.18%
Director - Shares - Amount $0.091 $0.118 $0.168
Options - percentage 0.010 0.02% 0.010 0.02% 0.020 0.04% 100.00%
Options - amount $1.658 $2.147 $5.172
Grimshaw, Steven 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.00%
Director - Shares - Amount $0.255 $0.331 $0.398
Options - percentage 0.018 0.04% 0.028 0.06% 0.028 0.06% 0.00%
Options - amount $2.985 $6.010 $7.240
Hennick, Jay Steward 6.34% 2.273 6.33% 1.523 4.23% 5.767 13.90% 4.943 11.34% 3.994 9.07% 3.694 8.35% 3.419 7.65% 2.895 6.48% S was CEO in 2014 -8.40%
Chairman - Subordinate Shares $144.851 $199.823 $142.674 $697.182 $861.208 $992.903 $612.499 $733.786 $748.698 S
Multiple Voting Shares 100.00% 1.326 100.00% 1.326 100.00% 0.000 #DIV/0! #DIV/0!
Chairman - Shares - Amount $84.50 $116.57 $124.20 $0.00
Preferred Shares #DIV/0!
Chairman - Shares - Amount
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 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 $0.000 $0.000 $0.000
Increase in O/S Shares 1.34% 0.133 0.37% 0.345 0.96% 0.194 0.54% 0.432 1.04% 0.294 0.68% 0.425 0.97% 0.213 0.48% 0.456 1.02%
due to SO $26.832 $8.477 $30.349 $18.185 $52.231 $51.262 $105.774 $35.394 $97.866
Book Value $7.524 $3.032 $6.666 $5.479 $13.481 $14.596 $27.396 $15.601 $42.788
Insider Buying -$0.099 $0.000 -$0.057 -$0.054 -$37.230 -$0.486 -$0.606 -$190.200 -$5.916
Insider Selling $0.597 $0.467 $69.995 $4.463 $164.608 $242.329 $66.518 $105.994 $172.870 Since May 2015
Net Insider Selling $0.498 $0.467 $69.938 $4.408 $127.378 $241.843 $65.912 -$84.206 $166.954
% of Market Cap 0.02% 0.01% 2.07% 0.09% 1.68% 2.21% 0.90% -0.88% 1.44%
Directors 7 8 8 8 8 9 8 8
Women 14% 1 14% 2 25% 2 25% 2 25% 2 25% 3 33% 3 38% 3 38%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 1 11% 1 13% 1 13%
Institutions/Holdings 67.76% 183 68.50% 211 68.50% 20 94.22% 20 65.28% 20 69.73% 20 60.77% 20 56.58%
Total Shares Held 65.53% 23.685 65.95% 26.768 74.40% 41.050 94.18% 28.641 65.07% 30.816 69.68% 27.111 60.67% 25.524 57.12%
Increase/Decrease 7.30% -1.482 -5.89% 1.336 5.25% 13.648 49.80% 0.294 1.04% -1.093 -3.42% -1.328 -4.67% -0.381 -1.47%
Starting No. of Shares 25.167 25.432 27.403 Top 20 MS 28.347 Top 20 MS 31.909 Top 20 MS 28.439 Top 20 MS 25.905 Top 20 MS
Dates
Proof for 5.0 factor
20 shares for each 100
Dealing with separation  
of FSV and CIG   TD US$ Yahoo US$
29 May 2015   2010 $30.18 $17.58 $30.18 $17.35
Is a Friday   -41.75% -42.5116%
 
1 June 2015 is a Monday,. Jan 2011 $26.49 $15.77 $26.49 $15.23
  -40.47% -42.5066%
 
  2012 $28.26 $18.60 $28.23 $16.23
Dec -34.18% -42.5080%
 
Feb 2013 $43.05 $28.36 $43.05 $24.95
  -34.12% -42.0441%
 
   
55.05% CIG
Copyright © 2008 Website of SPBrunner. All rights reserved.
My stock
17/06/02 -$7,709.00 $19.27 400
02/07/02 -$3,903.00 $19.52 200
13/11/07 -$6,859.99 $34.30 200
13/04/10 $2,315.01 $23.09 800
13/04/10 $16,275.00
10/12/10 $2,943.73 <-Sale of  Preferred Shares
10/12/10 $0.00
2.60% XIRR 800
3.17%
0.57% 18.1%
% from $22,247.38 Total Value Gain
-$21,533.74 Less Sale of Stock
$0.00 Less Stock Value
18.90% $713.64 Dividends Paid 3.86%
$18,471.99 Cost of Stock
$18,590.01 Sale of Stock
81.10% $3,061.75 Capital Gains/Loss 16.58%
100.00% $3,775.39 Total Return 20.44%
Start Date 17-Jun-02 Shares 800
End date 10-Dec-10 Dividends pd per Share $0.89
Years 8.48 Div less cost -$22.20
Cost $23.09
% paid by div 3.86%