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. 9/30/24
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q3 2024
Magna International Inc TSX: MG NYSE: MGA https://www.magna.com/ Fiscal Yr: Dec-31
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 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
Fiscal year
Report Currency 24.03% <-Total Growth 10 CDN$-US$
CDN$-US$ 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 1.4100 1.4100 1.4100 2.07% <-IRR #YR-> 4 USD - CDN$
-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% -2.01% 0.00% 0.00% 2.18% <-IRR #YR-> -1 USD - CDN$
-1.2988 0.0000 0.0000 0.0000 0.0000 1.4389
-1.1601 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 1.4389
Split Date 3/26/15
Split 2
Cost of Sales $27,019 $30,287 $31,623 $27,559 $31,123 $30,895 $35,055 $34,022 $28,207 $31,097 $33,188 $37,185 $37,037 $37,036.0 <-12 mths 0.00% 17.12% <-Total Growth 10 Cost of Sales
Change 12.10% 4.41% -12.85% 12.93% -0.73% 13.46% -2.95% -17.09% 10.25% 6.72% 12.04% -0.40% 0.00% <-12 mths 99.30% 3.16% <-Median-> 10 Change
Ratio 0.88 0.87 0.86 0.86 0.85 0.84 0.86 0.86 0.86 0.86 0.88 0.87 0.86 0.89 <-12 mths 2.50% 0.86 <-Median-> 10 Ratio
Selling & Admin $1,510 $1,616 $1,707 $1,448 $1,601 $1,668 $1,664 $1,697 $1,587 $1,717 $1,660 $2,050 $2,061 $2,170.0 <-12 mths 5.29% 20.74% <-Total Growth 10 Selling & Admin
Change 7.02% 5.63% -15.17% 10.57% 4.18% -0.24% 1.98% -6.48% 8.19% -3.32% 23.49% 0.54% 5.29% <-12 mths 885.62% 1.26% <-Median-> 10 Change
Ratio 0.05 0.05 0.05 0.05 0.04 0.05 0.04 0.04 0.05 0.05 0.04 0.05 0.05 0.05 <-12 mths 7.92% 0.05 <-Median-> 10 Ratio
Total $28,529 $31,903 $33,330 $29,007 $32,724 $32,563 $36,719 $35,719 $29,794 $32,814 $34,848 $39,235 $39,098 $39,206.0 <-12 mths 0.28% 17.31% <-Total Growth 10 Total
Change 11.83% 4.47% -12.97% 12.81% -0.49% 12.76% -2.72% -16.59% 10.14% 6.20% 12.59% -0.35% 0.28% <-12 mths 179.08% 2.92% <-Median-> 10 Change
Ratio 0.93 0.92 0.91 0.90 0.90 0.88 0.90 0.91 0.91 0.91 0.92 0.92 0.91 0.94 <-12 mths 2.79% 0.91 <-Median-> 10 Ratio
$41,790 <-12 mths -2.44%
Revenue US$ $30,837 $34,835 $36,641 $32,134 $36,445 $36,946 $40,827 $39,431 $32,647 $36,242 $37,840 $42,797 $42,836 $41,581 $42,089 $43,435 16.91% <-Total Growth 10 Revenue US$
Increase 7.3% 13.0% 5.2% -12.3% 13.4% 1.4% 10.5% -3.4% -17.2% 11.0% 4.4% 13.1% 0.1% -2.9% 1.2% 3.2% 1.57% <-IRR #YR-> 10 Revenue 16.91% US$
5 year Running Average $24,952 $27,178 $31,033 $32,639 $34,178 $35,400 $36,599 $37,157 $37,259 $37,219 $37,397 $37,791 $38,472 $40,259 $41,429 $42,548 1.67% <-IRR #YR-> 5 Revenue 8.64% US$
Revenue per Share $66.13 $78.76 $89.30 $79.88 $95.34 $103.18 $124.72 $130.03 $108.63 $121.67 $132.34 $149.37 $151.43 $146.99 $148.79 $153.55 2.17% <-IRR #YR-> 10 5 yr Running Average 23.97% US$
Increase 7.34% 19.10% 13.38% -10.54% 19.35% 8.22% 20.88% 4.25% -16.45% 12.00% 8.77% 12.87% 1.38% -2.93% 1.22% 3.20% 0.70% <-IRR #YR-> 5 5 yr Running Average 3.54% US$
5 year Running Average $53.72 $58.94 $69.09 $75.13 $81.88 $89.29 $98.49 $106.63 $112.38 $117.65 $123.48 $128.41 $132.69 $140.36 $145.78 $150.03 5.42% <-IRR #YR-> 10 Revenue per Share 69.58% US$
P/S (Price/Sales) Med 0.32 0.44 0.54 0.62 0.41 0.47 0.44 0.38 0.45 0.71 0.52 0.39 0.32 0.28 0.00 0.00 3.09% <-IRR #YR-> 5 Revenue per Share 16.46% US$
P/S (Price/Sales) Close 0.38 0.52 0.61 0.51 0.46 0.55 0.36 0.42 0.65 0.67 0.42 0.40 0.28 0.33 0.32 0.31 6.74% <-IRR #YR-> 10 5 yr Running Average 92.04% US$
*Revenue in M US$  P/S Med 20 yr  0.39 15 yr  0.44 10 yr  0.45 5 yr  0.45 -26.37% Diff M/C 4.47% <-IRR #YR-> 5 5 yr Running Average 24.44% US$
-$36,641 $0 $0 $0 $0 $0 $0 $0 $0 $0 $42,836
-$39,431 $0 $0 $0 $0 $42,836
-$31,033 $0 $0 $0 $0 $0 $0 $0 $0 $0 $38,472
-$37,157 $0 $0 $0 $0 $38,472
-$89.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $151.43
-$130.03 $0.00 $0.00 $0.00 $0.00 $151.43
-$69.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $132.69
-$106.63 $0.00 $0.00 $0.00 $0.00 $132.69
$58,924 <-12 mths -4.40%
Revenue CDN$* $30,680 $37,051 $42,507 $44,497 $48,935 $46,349 $55,696 $51,213 $41,566 $45,948 $51,250 $56,603 $61,637 $58,629 $59,345 $61,243 45.00% <-Total Growth 10 Revenue CDN$
Increase 4.9% 20.8% 14.7% 4.7% 10.0% -5.3% 20.2% -8.0% -18.8% 10.5% 11.5% 10.4% 8.9% -4.9% 1.2% 3.2% 3.79% <-IRR #YR-> 10 Revenue 45.00% CDN$
5 year Running Average $26,219 $27,823 $32,689 $36,794 $40,734 $43,868 $47,597 $49,338 $48,752 $48,154 $49,135 $49,316 $51,401 $54,813 $57,493 $59,492 3.77% <-IRR #YR-> 5 Revenue 20.35% CDN$
Revenue per Share $65.79 $83.77 $103.59 $110.62 $128.02 $129.44 $170.15 $168.88 $138.31 $154.25 $179.24 $197.55 $217.89 $207.26 $209.79 $216.50 4.63% <-IRR #YR-> 10 5 yr Running Average 57.24% CDN$
Increase 5.01% 27.32% 23.67% 6.78% 15.73% 1.11% 31.45% -0.75% -18.10% 11.53% 16.20% 10.22% 10.30% -4.88% 1.22% 3.20% 0.82% <-IRR #YR-> 5 5 yr Running Average 4.18% CDN$
5 year Running Average $56.53 $60.39 $73.04 $85.28 $98.36 $111.09 $128.36 $141.42 $146.96 $152.21 $162.17 $167.65 $177.45 $191.24 $202.35 $209.80 7.72% <-IRR #YR-> 10 Revenue per Share 110.33% CDN$
P/S (Price/Sales) Med 0.32 0.42 0.51 0.58 0.41 0.49 0.43 0.40 0.46 0.69 0.49 0.39 0.30 0.28 0.00 0.00 5.23% <-IRR #YR-> 5 Revenue per Share 29.02% CDN$
P/S (Price/Sales) Close 0.38 0.52 0.61 0.51 0.46 0.55 0.36 0.42 0.65 0.66 0.42 0.40 0.28 0.33 0.32 0.31 9.28% <-IRR #YR-> 10 5 yr Running Average 142.93% CDN$
*Revenue in M Cdn $ (Total Sales) P/S Med 20 yr  0.41 15 yr  0.42 10 yr  0.44 5 yr  0.46 -26.09% Diff M/C 4.64% <-IRR #YR-> 5 5 yr Running Average 25.48% CDN$
-$42,507 $0 $0 $0 $0 $0 $0 $0 $0 $0 $61,637
-$51,213 $0 $0 $0 $0 $61,637
-$32,689 $0 $0 $0 $0 $0 $0 $0 $0 $0 $51,401
-$49,338 $0 $0 $0 $0 $51,401
-$103.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $217.89
-$168.88 $0.00 $0.00 $0.00 $0.00 $217.89
-$73.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $177.45
-$141.42 $0.00 $0.00 $0.00 $0.00 $177.45
$1,483.0 <-12 mths -4.38%
$5.24 <-12 mths -3.14%
Adjusted Net Income US$ $1,433 $1,561 $1,882 $2,013 $2,031 $2,229 $2,330 $1,911 $1,186 $1,553 $1,195 $1,572 $1,551
Basic $3.09 $3.43 $4.50 $4.78 $5.19 $6.00 $6.75 $6.07 $3.96 $5.17 $4.12 $5.49 $5.41
AEPS* Dilued $3.05 $3.38 $4.44 $4.72 $5.23 $5.96 $6.71 $6.05 $3.95 $5.13 $4.10 $5.49 $5.41 $5.32 $5.97 $6.71 21.85% <-Total Growth 10 AEPS US$
Increase 45.00% 11.00% 31.36% 6.31% 10.81% 13.96% 12.58% -9.84% -34.71% 29.87% -20.08% 33.90% -1.46% -1.66% 12.22% 12.40% 10 0 10 Years of Data, EPS P or N 100.00% US$
5 year Running Average $1.26 $1.90 $3.01 $3.54 $4.16 $4.75 $5.41 $5.73 $5.58 $5.56 $5.19 $4.94 $4.82 $5.09 $5.26 $5.78 2.00% <-IRR #YR-> 10 AEPS 21.85% US$
AEPS Yield 12.18% 8.24% 8.17% 11.64% 12.05% 10.52% 14.76% 11.03% 5.58% 6.34% 7.30% 9.29% 12.95% 11.02% 12.37% 13.90% -2.21% <-IRR #YR-> 5 AEPS -10.58% US$
Payout Ratio 18.06% 18.93% 17.12% 18.64% 19.12% 18.46% 19.67% 24.13% 40.51% 33.53% 43.90% 33.52% 35.12% 36.47% 32.50% 28.91% 4.81% <-IRR #YR-> 10 5 yr Running Average 59.95% US$
5 year Running Average 50.21% 13.35% 17.59% 19.31% 18.38% 18.45% 18.60% 20.01% 24.38% 27.26% 32.35% 35.12% 37.31% 36.51% 36.30% 33.30% -3.43% <-IRR #YR-> 5 5 yr Running Average -16.01% US$
Price/AEPS Median 6.90 10.17 10.94 10.52 7.48 8.17 8.22 8.23 12.37 16.91 16.65 10.50 8.99 7.63 0.00 0.00 9.74 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High 8.21 12.76 12.84 12.44 8.94 9.70 9.87 9.36 18.61 20.22 21.79 12.33 10.94 9.47 0.00 0.00 11.63 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low 5.59 7.59 9.04 8.59 6.01 6.64 6.56 7.10 6.13 13.59 11.51 8.68 7.03 5.79 0.00 0.00 7.06 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close 8.21 12.14 12.24 8.59 8.30 9.51 6.77 9.06 17.92 15.78 13.70 10.76 7.72 9.07 8.08 7.19 9.29 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close 11.91 13.47 16.08 9.14 9.19 10.84 7.63 8.17 11.70 20.49 10.95 14.41 7.61 8.92 9.07 8.08 10.02 <-Median-> 10 Trailing P/AEPS Close US$
Median Values Historical   in order 10.50 12.47 7.46 10.76 P/AEPS 5 Yrs   in order 12.37 18.61 8.68 13.70 -26.66% Diff M/C DPR 75% to 95% best US$
* Adjusted Earnings per Share US$
-$4.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.41
-$6.05 $0.00 $0.00 $0.00 $0.00 $5.41
-$3.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.82
-$5.73 $0.00 $0.00 $0.00 $0.00 $4.82
$2,091.0 <-12 mths -6.30%
$7.39 <-12 mths -5.09%
Adjusted Net Income CDN$ $1,426 $1,660 $2,183 $2,787 $2,727 $2,796 $3,179 $2,482 $1,510 $1,969 $1,619 $2,079 $2,232
Basic $0.00 $0.00 $5.22 $6.62 $6.97 $7.52 $9.20 $7.89 $5.04 $6.55 $5.57 $7.26 $7.78 49.06% <-Total Growth 10 AEPS
AEPS* Dilued $3.03 $3.59 $5.15 $6.54 $7.02 $7.48 $9.15 $7.86 $5.03 $6.50 $5.55 $7.26 $7.78 $7.50 $8.42 $9.46 51.13% <-Total Growth 10 AEPS
Increase 41.85% 18.67% 43.28% 26.89% 7.44% 6.47% 22.43% -14.16% -36.00% 29.32% -14.62% 30.76% 7.21% -3.64% 12.22% 12.40% 10 0 10 Years of Data, EPS P or N 100.00% CDN$
5 year Running Average $1.26 $1.94 $3.20 $4.09 $5.07 $5.96 $7.07 $7.61 $7.31 $7.20 $6.82 $6.44 $6.43 $6.92 $7.30 $8.09 4.22% <-IRR #YR-> 10 AEPS 51.13% CDN$
AEPS Yield 12.20% 8.25% 8.18% 11.65% 12.05% 10.50% 14.77% 11.04% 5.58% 6.35% 7.30% 9.27% 12.96% 5483.85% 7220.16% 7275.51% -0.19% <-IRR #YR-> 5 AEPS -0.93% CDN$
Payout Ratio 18.19% 18.59% 16.35% 17.47% 18.75% 17.61% 19.67% 24.13% 40.51% 33.53% 43.90% 33.52% 35.12% 0.00% 0.00% 0.00% 7.23% <-IRR #YR-> 10 5 yr Running Average 100.95% CDN$
5 year Running Average 50.00% 13.07% 17.35% 18.73% 17.87% 17.76% 17.97% 19.53% 24.14% 27.09% 32.35% 35.12% 37.31% 29.21% 22.51% 13.73% -3.32% <-IRR #YR-> 5 5 yr Running Average -15.55% CDN$
Price/AEPS Median 6.94 9.79 10.26 9.85 7.52 8.46 7.95 8.51 12.66 16.47 15.96 10.71 8.43 7.63 0.00 0.00 9.18 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 8.20 12.54 12.22 11.30 8.81 9.86 9.41 9.66 18.31 19.26 20.20 12.39 10.13 9.40 0.00 0.00 10.72 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 5.69 7.04 8.29 8.41 6.24 7.06 6.49 7.37 7.02 13.69 11.73 9.03 6.72 5.85 0.00 0.00 7.21 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 8.20 12.11 12.22 8.59 8.30 9.53 6.77 9.06 17.92 15.74 13.70 10.78 7.72 9.07 8.08 7.19 9.29 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 11.63 14.38 17.51 10.90 8.92 10.14 8.29 7.78 11.47 20.35 11.69 14.10 8.27 8.74 9.07 8.08 10.52 <-Median-> 10 Trailing P/AEPS Close CDN$
Median Values Historical   in order 9.85 12.39 7.37 10.78 P/AEPS 5 Yrs   in order 12.66 18.31 9.03 13.70 -28.38% Diff M/C DPR 75% to 95% best CDN$
* Adjusted Earnings per Share
-$5.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.78
-$7.86 $0.00 $0.00 $0.00 $0.00 $7.78
-$3.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.43
-$7.61 $0.00 $0.00 $0.00 $0.00 $6.43
$3.65 <-12 mths 3.69%
Pre-Split 2015 $6.17 $6.85 $8.81
EPS Basic US$ $3.09 $3.43 $4.41 $4.94 $5.19 $5.93 $6.65 $5.61 $2.52 $5.04 $2.04 $4.24 $3.52 -20.09% <-Total Growth 10 EPS Basic US$
Pre-Split 2010
Pre-Split 2015 $6.09 $6.76 $8.69
EPS Diluted $3.05 $3.38 $4.35 $4.88 $5.16 $5.90 $6.61 $5.59 $2.52 $5.00 $2.03 $4.23 $3.52 $4.97 $5.80 $6.31 -18.99% <-Total Growth 10 EPS Diluted US$
Increase 45.0% 11.0% 28.6% 12.3% 5.7% 14.3% 12.0% -15.4% -54.9% 98.4% -59.4% 108.4% -16.8% 41.1% 16.7% 8.9% 10 0 10 Years of Data, EPS P or N 100.00% US$
Earnings Yield 12.2% 8.2% 8.0% 12.0% 11.9% 10.4% 14.5% 10.2% 3.6% 6.2% 3.6% 7.2% 8.4% 10.3% 12.0% 13.1% -2.08% <-IRR #YR-> 10 Earnings per Share -18.99% US$
5 year Running Average $1.26 $1.90 $2.99 $3.55 $4.16 $4.73 $5.38 $5.63 $5.16 $5.12 $4.35 $3.87 $3.46 $3.95 $4.11 $4.97 -8.84% <-IRR #YR-> 5 Earnings per Share -37.03% US$
10 year Running Average $1.35 $1.56 $1.81 $2.16 $2.55 $3.00 $3.64 $4.31 $4.35 $4.64 $4.54 $4.63 $4.54 $4.55 $4.62 $4.66 1.46% <-IRR #YR-> 10 5 yr Running Average 15.64% US$
* ESP per share, Diluted (Cdn GAAP) E/P 10 Yrs 9.31% 5Yrs 6.18% -9.27% <-IRR #YR-> 5 5 yr Running Average -38.52% US$
-$4.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.52
-$5.59 $0.00 $0.00 $0.00 $0.00 $3.52
-$2.99 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.46
-$5.63 $0.00 $0.00 $0.00 $0.00 $3.46
$5.15 <-12 mths 1.61%
EPS Basic CDN$ $3.07 $3.64 $5.11 $6.84 $6.97 $7.44 $9.07 $7.29 $3.21 $6.39 $2.76 $5.61 $5.06 -0.89% <-Total Growth 10 EPS Basic CDN$
Pre-Split 2010
Pre-Split 2015
EPS Diluted $3.03 $3.59 $5.04 $6.76 $6.93 $7.40 $9.02 $7.26 $3.21 $6.34 $2.75 $5.59 $5.06 $7.00 $8.17 $8.90 0.48% <-Total Growth 10 EPS Diluted CDN$
Increase 41.8% 18.7% 40.2% 34.1% 2.5% 6.8% 21.8% -19.5% -55.8% 97.6% -56.6% 103.5% -9.5% 38.3% 16.7% 8.9% 10 0 10 Years of Data, EPS P or N 100.00% CDN$
Earnings Yield 12.2% 8.3% 8.0% 12.0% 11.9% 10.4% 14.6% 10.2% 3.6% 6.2% 3.6% 7.1% 8.4% 10.3% 12.0% 13.1% 0.05% <-IRR #YR-> 10 Earnings per Share 0.48% CDN$
5 year Running Average $1.26 $1.94 $3.18 $4.11 $5.07 $5.94 $7.03 $7.47 $6.76 $6.65 $5.71 $5.03 $4.59 $5.35 $5.72 $6.95 -6.95% <-IRR #YR-> 5 Earnings per Share -30.24% CDN$
10 year Running Average $1.47 $1.66 $1.95 $2.45 $3.00 $3.60 $4.48 $5.32 $5.44 $5.86 $5.83 $6.03 $6.03 $6.06 $6.18 $6.33 3.75% <-IRR #YR-> 10 5 yr Running Average 44.57% CDN$
* ESP per share, Diluted (Cdn GAAP) E/P 10 Yrs 9.31% 5Yrs 6.19% -9.28% <-IRR #YR-> 5 5 yr Running Average -38.56% CDN$
-$5.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.06
-$7.26 $0.00 $0.00 $0.00 $0.00 $5.06
-$3.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.59
-$7.47 $0.00 $0.00 $0.00 $0.00 $4.59
Dividend US$ $1.94 $1.95 $1.97 Estimates Dividend US$ US$
Increase 1.95% 0.67% 1.08% Estimates Increase US$
Payout Ratio EPS 39.00% 33.64% 31.22% Estimates Payout Ratio EPS US$
Special Dividends US$ Pd in US$ $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 $0.00 <-Median-> 10 Special Dividends Paid in US$ US$
Pre-Split 2010
Pre-Split 2015 $1.10 $1.28 $1.52
Dividend US$ $0.55 $0.64 $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $1.90 $1.94 $1.94 $1.94 150.00% <-Total Growth 10 Dividends Paid in US$ US$
Increase 10.00% 16.36% 18.75% 15.79% 13.64% 10.00% 20.00% 10.61% 9.59% 7.50% 4.65% 2.22% 3.26% 2.11% 0.00% 0.00% 26 7 36 Years of data, Count P, N 72.22% US$
Average Increases 5 Year Running 87.7% 89.1% 110.0% 39.8% 14.9% 14.9% 15.6% 14.0% 12.8% 11.5% 10.5% 6.9% 5.4% 3.9% 2.4% 1.5% 13.39% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.32 $0.39 $0.53 $0.67 $0.77 $0.88 $1.01 $1.15 $1.30 $1.44 $1.58 $1.68 $1.77 $1.84 $1.88 $1.91 233.08% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 2.62% 1.86% 1.56% 1.77% 2.56% 2.26% 2.39% 2.93% 3.27% 1.98% 2.64% 3.19% 3.91% 4.78% 2.60% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 2.20% 1.48% 1.33% 1.50% 2.14% 1.90% 1.99% 2.58% 2.18% 1.66% 2.01% 2.72% 3.21% 3.85% 2.08% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 3.23% 2.50% 1.89% 2.17% 3.18% 2.78% 3.00% 3.40% 6.61% 2.47% 3.81% 3.86% 5.00% 6.29% 3.29% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 2.20% 1.56% 1.40% 2.17% 2.30% 1.94% 2.90% 2.66% 2.26% 2.13% 3.20% 3.11% 4.55% 4.02% 4.02% 4.02% 2.48% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 18.06% 18.93% 17.49% 18.03% 19.38% 18.64% 19.97% 26.12% 63.49% 34.40% 88.67% 43.50% 53.98% 39.06% 33.47% 30.73% 30.26% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 25.77% 20.45% 17.78% 18.76% 18.40% 18.51% 18.81% 20.47% 25.14% 28.10% 36.32% 43.47% 51.21% 46.59% 45.86% 38.51% 22.80% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 12.02% 11.03% 11.17% 15.18% 11.29% 11.83% 11.62% 11.18% 14.67% 17.43% 24.57% 16.74% 14.79% 19.91% 16.17% 14.63% 14.73% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 11.14% 10.80% 11.25% 13.02% 12.03% 11.98% 12.01% 11.91% 12.12% 13.21% 15.04% 16.14% 17.06% 18.12% 17.81% 16.25% 12.57% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 12.44% 10.51% 10.27% 13.23% 11.57% 11.06% 11.16% 12.27% 17.54% 16.37% 21.29% 18.01% 18.20% 19.91% 16.17% 14.63% 14.80% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 10.01% 10.06% 10.49% 11.68% 11.53% 11.31% 11.38% 11.76% 12.60% 13.51% 15.25% 16.77% 18.18% 18.64% 18.52% 17.18% 12.18% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 2.60% 2.48% 5 Yr Med 5 Yr Cl 3.19% 3.11% 5 Yr Med Payout 53.98% 16.74% 18.01% 5.41% <-IRR #YR-> 5 Dividends 30.14% US$
* Dividends per share  10 Yr Med and Cur. 54.81% 61.88% 5 Yr Med and Cur. 25.98% 29.07% Last Div Inc ---> $0.475 $0.485 2.11% 9.60% <-IRR #YR-> 10 Dividends 150.00% US$
Dividends Growth 15 28.34% <-IRR #YR-> 15 Dividends 4122.22% US$
Dividends Growth 20 8.52% <-IRR #YR-> 20 Dividends 413.51% US$
Dividends Growth 25 8.00% <-IRR #YR-> 25 Dividends 584.68% US$
Dividends Growth 30 10.52% <-IRR #YR-> 30 Dividends US$
Dividends Growth 35 8.73% <-IRR #YR-> 35 Dividends
Dividends Growth 40 8.55% <-IRR #YR-> 36 Dividends
Dividends Growth 5 -$1.46 $0.00 $0.00 $0.00 $0.00 $1.90 Dividends Growth 5
Dividends Growth 10 -$0.76 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.90 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 $1.90 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 $1.90 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 $1.90 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.90 Dividends Growth 30
Dividends Growth 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 $1.90 Dividends Growth 35
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.90 Dividends Growth 40
Historical Dividends Historical High Div 4.43% Low Div 0.71% 10 Yr High 6.45% 10 Yr Low 1.51% Med Div 2.05% Close Div 2.03% Historical Dividends US$
High/Ave/Median Values Curr diff Exp. -9.26%     466.18% Exp. -37.68% 166.22% Cheap 96.09% Cheap 98.38% High/Ave/Median  US$
Future Dividend Yield Div Yield $0.05 earning in 5 Years at IRR of 5.41% Div Inc. 30.14% Future Dividend Yield US$
Future Dividend Yield Div Yield 6.81% earning in 10 Years at IRR of 5.41% Div Inc. 69.36% Future Dividend Yield US$
Future Dividend Yield Div Yield 8.86% earning in 15 Years at IRR of 5.41% Div Inc. 120.40% Future Dividend Yield US$
Div Paid $2.52 earning in 5 Years at IRR of 5.41% Div Inc. 30.14% Future Dividend Paid US$
Div Paid $3.29 earning in 10 Years at IRR of 5.41% Div Inc. 69.36% Future Dividend Paid US$
Div Paid $4.28 earning in 15 Years at IRR of 5.41% Div Inc. 120.40% Future Dividend Paid US$
Total Div $10.81 over 5 Years at IRR of 5.41% Div Cov. 22.39% Dividend Covering Cost US$
Total Div $22.35 over 10 Years at IRR of 5.41% Div Cov. 46.31% Dividend Covering Cost US$
Total Div $37.37 over 15 Years at IRR of 5.41% Div Cov. 77.43% Dividend Covering Cost US$
Dividend CDN$ $2.73 $2.75 $2.78 Estimates Dividend CDN$ CDN$
Increase $0.05 $0.08 $0.08 Estimates Increase CDN$
Payout Ratio EPS 39.00% 33.64% 31.22% Estimates Payout Ratio EPS CDN$
Special Dividends CDN$ $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 $0.00 <-Median-> 10 Special Dividends CDN$
Using Currency exchange R. $0.55 $0.68 $0.88 $1.22 $1.34 $1.38 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $2.73 $2.74 $2.74 $2.74 Not site values Using Curr. exch R. CDN$
Increase 7.61% 24.40% 29.52% 38.21% 10.19% 2.77% 30.49% 5.30% 7.43% 7.04% 11.80% -0.18% 12.34% 0.05% 0.00% 0.00% Increase CDN$
Pre-Split 2010 CDN$
Pre-Split 2015 $1.10 $1.34 $1.68 CDN$
Dividend CDN$, Pd US$ $0.55 $0.67 $0.84 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $2.73 $2.74 $2.74 $2.74 224.59% <-Total Growth 10 Dividends Paid in US$ CDN$
Increase 11.88% 21.27% 26.04% 35.56% 15.35% 0.00% 36.73% 5.30% 7.43% 7.04% 11.80% -0.18% 12.34% 0.05% 0.00% 0.00% 23 9 36 Years of data, Count P, N 63.89% CDN$
Average Increases 5 Year Running 73.0% 70.1% 92.3% 43.9% 22.0% 19.6% 22.7% 18.6% 13.0% 11.3% 13.7% 6.3% 7.7% 6.2% 4.8% 2.4% 16.13% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.34 $0.40 $0.55 $0.74 $0.90 $1.06 $1.28 $1.49 $1.67 $1.85 $2.07 $2.20 $2.36 $2.50 $2.62 $2.67 326.32% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 2.62% 1.90% 1.59% 1.77% 2.49% 2.08% 2.47% 2.83% 3.20% 2.04% 2.75% 3.13% 4.17% 4.78% 2.62% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 2.22% 1.48% 1.34% 1.55% 2.13% 1.79% 2.09% 2.50% 2.21% 1.74% 2.17% 2.71% 3.47% 3.88% 2.15% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 3.20% 2.64% 1.97% 2.08% 3.01% 2.50% 3.03% 3.28% 5.77% 2.45% 3.74% 3.71% 5.23% 6.23% 3.15% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 2.22% 1.53% 1.34% 2.03% 2.26% 1.85% 2.91% 2.66% 2.26% 2.13% 3.21% 3.11% 4.55% 4.02% 4.02% 4.02% 2.46% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 18.19% 18.59% 16.71% 16.90% 19.01% 17.79% 19.97% 26.12% 63.49% 34.40% 88.67% 43.50% 53.98% 39.06% 33.47% 30.73% 30.26% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 27.18% 20.54% 17.46% 17.98% 17.83% 17.78% 18.26% 20.00% 24.75% 27.78% 36.23% 43.68% 51.50% 46.81% 45.75% 38.50% 22.37% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 12.10% 10.83% 10.67% 14.22% 11.07% 11.29% 11.62% 11.18% 14.67% 17.43% 24.57% 16.74% 14.79% 19.91% 16.17% 14.63% 14.45% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 11.29% 10.80% 11.05% 12.62% 11.73% 11.58% 11.68% 11.67% 11.97% 13.09% 15.05% 16.20% 17.05% 18.10% 17.77% 16.24% 12.30% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 12.53% 10.31% 9.81% 12.39% 11.34% 10.56% 11.16% 12.27% 17.54% 16.37% 21.29% 18.01% 18.20% 19.91% 16.17% 14.63% 14.38% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 10.07% 10.04% 10.29% 11.31% 11.22% 10.93% 11.06% 11.52% 12.44% 13.38% 15.23% 16.81% 18.21% 18.68% 18.51% 17.17% 11.98% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 2.62% 2.46% 5 Yr Med 5 Yr Cl 3.13% 3.11% 5 Yr Med Payout 53.98% 16.74% 18.01% 7.59% <-IRR #YR-> 5 Dividends 44.17% CDN$
* Dividends per share  10 Yr Med and Cur. 53.37% 63.32% 5 Yr Med and Cur. 28.48% 29.35% Last Div Inc ---> $0.475 $0.485 2.1% 12.50% <-IRR #YR-> 10 Dividends 224.59% CDN$
Dividends Growth 15 29.28% <-IRR #YR-> 15 Dividends 4607.75% CDN$
Dividends Growth 20 9.50% <-IRR #YR-> 20 Dividends 513.90% CDN$
Dividends Growth 25 7.99% <-IRR #YR-> 25 Dividends 582.60% CDN$
Dividends Growth 30 10.62% <-IRR #YR-> 30 Dividends CDN$
Dividends Growth 35 9.34% <-IRR #YR-> 35 Dividends CDN$
Dividends Growth 40 9.07% <-IRR #YR-> 36 Dividends
Dividends Growth 5 -$1.90 $0.00 $0.00 $0.00 $0.00 $2.73 Dividends Growth 5
Dividends Growth 10 -$0.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.73 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 $2.73 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 $2.73 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 $2.73 Dividends Growth 25
Dividends Growth 30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.73 Dividends Growth 30
Dividends Growth 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 $2.73 Dividends Growth 40
Dividends Growth 40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.73
Historical Dividends Historical High Div 4.38% Low Div 0.72% 10 Yr High 5.72% 10 Yr Low 1.57% Med Div 2.04% Close Div 1.97% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -8.20%     458.45% Exp. -29.71% 156.11% Cheap 97.10% Cheap 104.14% High/Ave/Median  CDN$
Future Dividend Yield Div Yield 5.80% earning in 5 Years at IRR of 7.59% Div Inc. 44.17% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 8.36% earning in 10 Years at IRR of 7.59% Div Inc. 107.86% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 12.05% earning in 15 Years at IRR of 7.59% Div Inc. 199.69% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 17.37% earning in 20 Years at IRR of 7.59% Div Inc. 332.07% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 25.05% earning in 25 Years at IRR of 7.59% Div Inc. 522.94% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $3.94 earning in 5 Years at IRR of 7.59% Div Inc. 44.17% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $5.69 earning in 10 Years at IRR of 7.59% Div Inc. 107.86% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $8.20 earning in 15 Years at IRR of 7.59% Div Inc. 199.69% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $11.82 earning in 20 Years at IRR of 7.59% Div Inc. 332.07% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $17.04 earning in 25 Years at IRR of 7.59% Div Inc. 522.94% Future Dividend Paid CDN$
Dividend Covering Cost Div Paid $15.92 over 5 Years at IRR of 7.59% Div Cov. 23.40% Dividend Covering Cost CDN$
Dividend Covering Cost Div Paid $34.92 over 10 Years at IRR of 7.59% Div Cov. 51.33% Dividend Covering Cost CDN$
Dividend Covering Cost Div Paid $62.32 over 15 Years at IRR of 7.59% Div Cov. 91.61% Dividend Covering Cost CDN$
Dividend Covering Cost Div Paid $81.33 over 10 Years at IRR of 7.59% Div Cov. 119.55% Dividend Covering Cost CDN$
Dividend Covering Cost Div Paid $108.73 over 15 Years at IRR of 7.59% Div Cov. 159.82% Dividend Covering Cost CDN$
Yield if held 5 years 2.43% 4.78% 8.38% 5.71% 5.61% 6.26% 5.12% 3.59% 3.16% 4.13% 3.85% 3.34% 4.09% 4.30% 2.55% 3.09% 4.11% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 2.20% 2.80% 3.23% 5.28% 6.15% 5.82% 12.88% 18.86% 10.19% 9.29% 11.59% 6.91% 5.18% 4.25% 5.18% 4.32% 8.10% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 2.61% 2.74% 4.37% 6.83% 6.29% 5.27% 7.56% 7.26% 9.42% 10.19% 10.77% 17.40% 27.19% 13.68% 11.66% 13.00% 8.49% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 9.30% 7.27% 5.80% 8.50% 8.15% 6.25% 7.38% 9.83% 12.18% 10.42% 9.75% 10.21% 10.47% 12.64% 12.78% 12.08% 9.79% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 15.90% 25.18% 55.26% 44.83% 22.24% 19.60% 13.05% 15.16% 13.50% 11.57% 9.98% 14.18% 16.36% 13.07% 10.94% 14.67% <-Median-> 10 Paid Median Price CDN$
Yield if held 30 years 42.84% 56.69% 98.59% 74.23% 41.16% 26.49% 18.81% 20.36% 16.93% 12.98% 42.84% <-Median-> 7 Paid Median Price CDN$
Yield if held 35 years 57.89% 81.73% 132.38% 93.12% 46.19% 69.81% <-Median-> 2 Paid Median Price CDN$
Cost covered if held 5 years 7.54% 14.23% 27.58% 18.48% 19.27% 25.13% 18.23% 14.15% 12.99% 17.47% 16.37% 15.09% 17.67% 19.66% 12.20% 15.09% 17.57% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 15.05% 16.74% 16.80% 23.51% 27.85% 30.88% 60.13% 101.91% 60.33% 58.61% 74.35% 49.44% 36.53% 32.43% 42.23% 37.51% 54.02% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 28.07% 26.13% 35.35% 44.80% 39.50% 36.19% 43.68% 45.42% 62.19% 70.98% 76.60% 138.70% 219.51% 122.94% 114.34% 137.93% 53.80% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 20 years 112.76% 78.98% 54.82% 66.46% 62.34% 53.15% 52.45% 74.10% 94.83% 83.60% 77.60% 89.77% 90.70% 120.06% 132.09% 135.66% 75.85% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 25 years 181.41% 249.58% 456.39% 364.16% 202.01% 148.84% 106.24% 128.73% 119.49% 102.27% 97.50% 135.42% 169.70% 146.07% 131.10% 132.08% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 30 years 334.10% 472.98% 861.38% 678.43% 376.81% 268.41% 187.61% 221.91% 200.43% 165.73% 376.81% <-Median-> 7 Paid Median Price CDN$
Cost covered if held 35 years 586.63% 815.00% 1443.18% 1102.21% 589.75% 700.81% <-Median-> 2 Paid Median Price CDN$
Tot. Growth
Revenue Growth US$ $39,431 $32,647 $36,242 $37,840 $42,797 $42,836 $41,790 <-12 mths -2.44% 8.64% <-Total Growth 5 Revenue Growth US$ 8.64% US$
AEPS Growth $6.05 $3.95 $5.13 $4.10 $5.49 $5.41 $5.24 <-12 mths -3.14% -10.58% <-Total Growth 5 AEPS Growth -10.58% US$
Net Income Growth $1,765 $757 $1,514 $592 $1,213 $1,096 $1,072 <-12 mths -2.19% -37.90% <-Total Growth 5 Net Income Growth -37.90% US$
Cash Flow Growth $3,960 $3,278 $2,940 $2,095 $3,149 $3,634 $3,526 <-12 mths -2.97% -8.23% <-Total Growth 5 Cash Flow Growth -8.23% US$
Dividend Growth $1.46 $1.60 $1.72 $1.80 $1.84 $1.90 $1.94 <-12 mths 1.95% 30.14% <-Total Growth 5 Dividend Growth 30.14% US$
Stock Price Growth $54.84 $70.80 $80.94 $56.18 $59.08 $41.79 $48.26 <-12 mths 15.48% -23.80% <-Total Growth 5 Stock Price Growth -23.80% US$
Revenue Growth  $36,641 $32,134 $36,445 $36,946 $40,827 $39,431 $32,647 $36,242 $37,840 $42,797 $42,836 $41,581 <-this year -2.93% 16.91% <-Total Growth 10 Revenue Growth  16.91% US$
AEPS Growth $4.44 $4.72 $5.23 $5.96 $6.71 $6.05 $3.95 $5.13 $4.10 $5.49 $5.41 $5.32 <-this year -1.66% 21.85% <-Total Growth 10 AEPS Growth 21.85% US$
Net Income Growth $1,882 $2,013 $2,031 $2,206 $2,296 $1,765 $757 $1,514 $592 $1,213 $1,096 $1,385 <-this year 26.37% -41.76% <-Total Growth 10 Net Income Growth -41.76% US$
Cash Flow Growth $2,792 $2,332 $3,386 $3,329 $3,718 $3,960 $3,278 $2,940 $2,095 $3,149 $3,634 $2,756 <-this year -24.17% 30.16% <-Total Growth 10 Cash Flow Growth 30.16% US$
Dividend Growth $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $1.90 $1.94 <-this year 2.11% 150.00% <-Total Growth 10 Dividend Growth 150.00% US$
Stock Price Growth $54.35 $40.56 $43.40 $56.67 $45.45 $54.84 $70.80 $80.94 $56.18 $59.08 $41.79 $49.37 <-this year 18.14% -23.11% <-Total Growth 10 Stock Price Growth -23.11% US$
Dividends on Shares $19.50 $21.48 $22.08 $28.81 $30.34 $32.59 $34.89 $39.01 $38.94 $43.74 $43.77 $43.77 $43.77 $311.38 No of Years 10 Total Dividends 12/31/14
Paid  $1,007.20 $897.92 $932.80 $1,139.84 $991.52 $1,139.20 $1,441.76 $1,637.60 $1,216.96 $1,252.64 $961.28 $1,088.48 $1,088.48 $1,088.48 $961.28 No of Years 10 Worth $62.95 15.89
Total $1,272.66
Graham No. AEPS $37.03 $43.26 $53.27 $67.37 $73.63 $81.35 $95.84 $90.56 $73.83 $85.86 $80.45 $94.67 $101.43 $102.95 $109.06 $115.62 90.42% <-Total Growth 10 Graham Price AEPS CDN$
Price/GP Ratio Med 0.57 0.81 0.99 0.96 0.72 0.78 0.76 0.74 0.86 1.25 1.10 0.82 0.65 0.56 0.00 0.00 0.80 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 0.67 1.04 1.18 1.10 0.84 0.91 0.90 0.84 1.25 1.46 1.39 0.95 0.78 0.69 0.00 0.00 0.93 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.47 0.59 0.80 0.82 0.60 0.65 0.62 0.64 0.48 1.04 0.81 0.69 0.52 0.43 0.00 0.00 0.64 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 0.67 1.01 1.18 0.83 0.79 0.88 0.65 0.79 1.22 1.19 0.95 0.83 0.59 0.66 0.62 0.59 0.83 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close -32.92% 0.66% 18.18% -16.70% -20.82% -12.43% -35.34% -21.38% 22.05% 19.21% -5.45% -17.30% -40.77% -33.92% -37.62% -41.16% -17.00% <-Median-> 10 Graham Price CDN$
Graham No. $37.03 $43.26 $52.69 $68.50 $73.13 $80.94 $95.12 $87.05 $58.97 $84.76 $56.61 $83.10 $81.81 $99.48 $107.46 $112.15 55.27% <-Total Growth 10 Graham Price CDN$
Price/GP Ratio Med 0.57 0.81 1.00 0.94 0.72 0.78 0.77 0.77 1.08 1.26 1.57 0.94 0.80 0.58 0.87 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 0.67 1.04 1.19 1.08 0.85 0.91 0.91 0.87 1.56 1.48 1.98 1.08 0.96 0.71 1.02 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.47 0.59 0.81 0.80 0.60 0.65 0.62 0.67 0.60 1.05 1.15 0.79 0.64 0.44 0.66 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 0.67 1.01 1.19 0.82 0.80 0.88 0.65 0.82 1.53 1.21 1.34 0.94 0.73 0.68 0.63 0.61 0.85 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close -32.92% 0.66% 19.47% -18.08% -20.28% -11.98% -34.85% -18.21% 52.81% 20.75% 34.37% -5.79% -26.57% -31.61% -36.69% -39.34% -15.03% <-Median-> 10 Graham Price CDN$
Price CDN Close $ $24.84 $43.55 $62.95 $56.12 $58.30 $71.24 $61.97 $71.20 $90.11 $102.35 $76.06 $78.29 $60.08 $68.03 $68.03 $68.03 -4.56% <-Total Growth 10 Stock Price CDN$
Increase 46.12% 75.32% 44.55% -10.85% 3.88% 22.20% -13.01% 14.89% 26.56% 13.58% -25.69% 2.93% -23.26% 13.23% 0.00% 0.00% 11.00 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E 8.20 12.11 12.49 8.30 8.41 9.63 6.87 9.81 28.09 16.15 27.66 13.99 11.86 9.71 8.32 7.64 -3.34% <-IRR #YR-> 5 Stock Price -15.62% CDN$
Trailing P/E 11.63 14.38 17.51 11.13 8.63 10.28 8.37 7.90 12.41 31.90 12.00 28.47 10.74 13.43 9.71 8.32 -0.47% <-IRR #YR-> 10 Stock Price -4.56% CDN$
CAPE (10 Yr P/E) 13.99 13.44 13.41 12.08 11.02 10.62 9.71 9.26 10.25 10.97 11.90 12.08 12.03 12.18 12.09 11.75 0.21% <-IRR #YR-> 5 Price & Dividend 0.99% CDN$
Median 10, 5 Yrs D.  per yr 3.07% 3.55% % Tot Ret 117.90% 1693.07% T P/E 10.94 12.41 P/E:  10.83 16.15 2.60% <-IRR #YR-> 10 Price & Dividend 26.09% CDN$
Price 15 D.  per yr 4.52% % Tot Ret 29.94% CAPE Diff -11.67% 10.57% <-IRR #YR-> 15 Stock Price 351.22% CDN$
Price  20 D.  per yr 2.53% % Tot Ret 35.73% 4.56% <-IRR #YR-> 20 Stock Price 143.81% CDN$
Price  25 D.  per yr 2.74% % Tot Ret 33.27% 5.50% <-IRR #YR-> 25 Stock Price 281.46% CDN$
Price  30 D.  per yr 2.44% % Tot Ret 31.65% 5.28% <-IRR #YR-> 30 Stock Price 151.12% CDN$
Price  35 D.  per yr 3.88% % Tot Ret 29.73% 9.18% <-IRR #YR-> 35 Stock Price CDN$
Price  40 D.  per yr 3.60% % Tot Ret 29.24% 8.71% <-IRR #YR-> 36 Stock Price CDN$
Price & Dividend 15 15.08% <-IRR #YR-> 15 Price & Dividend 516.97% CDN$
Price & Dividend 20 7.09% <-IRR #YR-> 20 Price & Dividend 239.91% CDN$
Price & Dividend 25 8.24% <-IRR #YR-> 25 Price & Dividend 447.25% CDN$
Price & Dividend 30 7.72% <-IRR #YR-> 30 Price & Dividend 261.93% CDN$
Price & Dividend 35 13.06% <-IRR #YR-> 35 Price & Dividend CDN$
Price & Dividend 40 12.31% <-IRR #YR-> 36 Price & Dividend CDN$
Price  5 -$71.20 $0.00 $0.00 $0.00 $0.00 $60.08 Price  5
Price 10 -$62.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $60.08 Price 10
Price & Dividend 5 -$71.20 $2.04 $2.18 $2.44 $2.43 $62.81 Price & Dividend 5
Price & Dividend 10 -$62.95 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $62.81 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 $60.08 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 $60.08 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 $60.08 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 $60.08 Price  30
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 $60.08 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $60.08 Price  40
Price & Dividend 15 $0.55 $0.67 $0.84 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $62.81 Price & Dividend 15
Price & Dividend 20 $0.55 $0.67 $0.84 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $62.81 Price & Dividend 20
Price & Dividend 25 $0.55 $0.67 $0.84 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $62.81 Price & Dividend 25
Price & Dividend 30 $0.55 $0.67 $0.84 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $62.81 Price & Dividend 30
Price & Dividend 35 $0.55 $0.67 $0.84 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $62.81 Price & Dividend 35
Price & Dividend 40 $0.55 $0.67 $0.84 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $62.81 Price & Dividend 40
Median H/L CDN$ $21.04 $35.21 $52.82 $64.41 $52.83 $63.26 $72.78 $66.90 $63.69 $107.15 $88.64 $77.76 $65.59 $57.23 24.16% <-Total Growth 10 Stock Price CDN$
Increase -10.35% 67.36% 50.04% 21.94% -17.98% 19.73% 15.06% -8.08% -4.81% 68.24% -17.27% -12.27% -15.66% -12.75% 2.19% <-IRR #YR-> 10 Stock Price 24.16% CDN$
P/E 6.94 9.79 10.48 9.53 7.63 8.55 8.07 9.21 19.85 16.90 32.24 13.90 12.95 8.17 -0.40% <-IRR #YR-> 5 Stock Price -1.97% CDN$
Trailing P/E 9.85 11.62 14.69 12.78 7.82 9.13 9.83 7.42 8.77 33.39 13.98 28.28 11.72 11.30 5.39% <-IRR #YR-> 10 Price & Dividend 162.08% CDN$
P/E on Run. 5 yr Ave 16.75 18.18 16.63 15.67 10.42 10.64 10.35 8.95 9.42 16.12 15.51 15.46 14.28 10.70 3.15% <-IRR #YR-> 5 Price & Dividend 18.54% CDN$
P/E on Run. 10 yr Ave 14.34 21.23 27.12 26.28 17.58 17.57 16.23 12.56 11.71 18.29 15.20 12.90 10.87 9.45 12.38 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 3.21% 3.55% % Tot Ret 59.45% 113% T P/E 10.78 13.98 P/E:  11.24 16.90 Count 33 Years of data
-$52.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $65.59
-$66.90 $0.00 $0.00 $0.00 $0.00 $65.59
-$52.82 $1.14 $1.32 $1.32 $1.80 $1.90 $2.04 $2.18 $2.44 $2.43 $68.32
-$66.90 $2.04 $2.18 $2.44 $2.43 $68.32
Month Dec Nov Nov Jun Dec Dec Jun Apr Dec  Jun Jan Feb Jan Nov
Price High CDN$ $24.84 $45.10 $62.92 $73.87 $61.84 $73.73 $86.14 $75.91 $92.06 $125.24 $112.17 $89.93 $78.89 $70.54 25.38% <-Total Growth 10 Stock Price CDN$
Increase -18.81% 81.54% 39.53% 17.40% -16.29% 19.23% 16.83% -11.88% 21.28% 36.04% -10.44% -19.83% -12.28% -10.58% 2.29% <-IRR #YR-> 10 Stock Price 25.38% CDN$
P/E 8.20 12.54 12.48 10.93 8.93 9.96 9.55 10.46 28.69 19.76 40.80 16.07 15.58 10.07 0.77% <-IRR #YR-> 5 Stock Price 3.93% CDN$
Trailing P/E 11.63 14.89 17.50 14.65 9.15 10.64 11.64 8.42 12.68 39.03 17.70 32.71 14.10 13.93 13.39 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 13.39 17.70 P/E:  13.25 19.76 25.42 P/E Ratio Historical High
-$62.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $78.89
-$75.91 $0.00 $0.00 $0.00 $0.00 $78.89
Month Jan Jan Jan Jan Jul Apr Dec May Mar Jan Oct Jun Aug Apr
Pre-Split 2010
Pre-Split 2015 $34.46 $50.63
Price Low CDN$ $17.23 $25.32 $42.73 $54.95 $43.82 $52.78 $59.42 $57.89 $35.31 $89.05 $65.11 $65.59 $52.28 $43.91 22.36% <-Total Growth 10 Stock Price CDN$
Increase 5.51% 46.92% 68.77% 28.61% -20.25% 20.45% 12.58% -2.57% -39.01% 152.19% -26.88% 0.74% -20.29% -16.01% 2.04% <-IRR #YR-> 10 Stock Price 22.36% CDN$
P/E 5.69 7.04 8.48 8.13 6.32 7.13 6.59 7.97 11.01 14.05 23.68 11.72 10.32 6.27 -2.02% <-IRR #YR-> 5 Stock Price -9.69% CDN$
Trailing P/E 8.07 8.36 11.88 10.90 6.48 7.62 8.03 6.42 4.86 27.75 10.27 23.86 9.34 8.67 8.48 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 8.69 10.27 P/E:  9.23 11.72 6.59 P/E Ratio Historical Low
-$42.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $52.28
-$57.89 $0.00 $0.00 $0.00 $0.00 $52.28
Price Close US$ using Exchange Rate $24.97 $40.95 $54.26 $40.53 $43.42 $56.79 $45.43 $54.82 $70.77 $80.73 $56.16 $59.19 $41.75 $48.25 $48.25 $48.25 -23.05% <-Total Growth 10 Price Close US$ using ER
Pre-Split 2010
Pre-Split 2015 $50.02 $82.06
Price Close US$ $25.01 $41.03 $54.35 $40.56 $43.40 $56.67 $45.45 $54.84 $70.80 $80.94 $56.18 $59.08 $41.79 $48.26 $48.26 $48.26 -23.11% <-Total Growth 10 Stock Price US$
Increase 50.17% 64.05% 32.46% -25.37% 7.00% 30.58% -19.80% 20.66% 29.10% 14.32% -30.59% 5.16% -29.27% 15.48% 0.00% 0.00% 11.15 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E 8.21 12.14 12.51 8.31 8.41 9.61 6.88 9.81 28.10 16.19 27.67 13.97 11.87 9.72 8.33 7.64 -5.29% <-IRR #YR-> 5 Stock Price -23.80% US$
Trailing P/E 11.91 13.47 16.08 9.33 8.89 10.98 7.70 8.30 12.67 32.12 11.24 29.10 9.88 13.71 9.72 8.33 -2.59% <-IRR #YR-> 10 Stock Price -23.11% US$
CAPE (10 Yr P/E) 13.82 13.33 13.30 12.25 11.26 10.81 9.94 9.37 10.31 11.05 11.98 12.15 12.10 12.24 12.18 11.89 -1.69% <-IRR #YR-> 5 Price & Dividend -4.98% US$
Median 10, 5 Yrs D.  per yr 3.01% 3.60% % Tot Ret 726.18% 0.00% T P/E 10.43 12.67 P/E:  10.84 16.19 0.41% <-IRR #YR-> 10 Price & Dividend 5.19% US$
Price 15 D.  per yr 4.51% % Tot Ret 35.24% CAPE Diff -12.89% 8.30% <-IRR #YR-> 15 Stock Price 230.49% US$
Price  20 D.  per yr 2.71% % Tot Ret 43.00% 3.59% <-IRR #YR-> 20 Stock Price 102.50% US$
Price  25 D.  per yr 3.06% % Tot Ret 35.84% 5.48% <-IRR #YR-> 25 Stock Price 279.91% US$
Price  30 D.  per yr 2.51% % Tot Ret 34.75% 4.71% <-IRR #YR-> 30 Stock Price 145.82% US$
Price  35 D.  per yr 3.81% % Tot Ret 30.78% 8.57% <-IRR #YR-> 35 Stock Price
Price  40 D.  per yr 3.61% % Tot Ret 30.57% 8.19% <-IRR #YR-> 36 Stock Price
Price & Dividend 15 12.81% <-IRR #YR-> 15 Price & Dividend 367.50% US$
Price & Dividend 20 6.30% <-IRR #YR-> 20 Price & Dividend 193.05% US$
Price & Dividend 25 8.55% <-IRR #YR-> 25 Price & Dividend 467.77% US$
Price & Dividend 30 7.22% <-IRR #YR-> 30 Price & Dividend
Price & Dividend 35 12.38% <-IRR #YR-> 35 Price & Dividend
Price & Dividend 40 11.80% <-IRR #YR-> 36 Price & Dividend
Price  5 -$54.84 $0.00 $0.00 $0.00 $0.00 $41.79 Price  5
Price 10 -$54.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $41.79 Price 10
Price & Dividend 5 -$54.84 $1.60 $1.72 $1.80 $1.84 $43.69 Price & Dividend 5
Price & Dividend 10 -$54.35 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $43.69 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 $41.79 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 $41.79 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 $41.79 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 $41.79 Price  30
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 $41.79 Price  35
Price  40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $41.79
Price & Dividend 15 $0.55 $0.64 $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $43.69 Price & Dividend 15
Price & Dividend 20 $0.55 $0.64 $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $43.69 Price & Dividend 20
Price & Dividend 25 $0.55 $0.64 $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $43.69 Price & Dividend 25
Price & Dividend 30 $0.55 $0.64 $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $43.69 Price & Dividend 30
Price & Dividend 35 $0.55 $0.64 $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $43.69 Price & Dividend 35
Price & Dividend 40 $0.55 $0.64 $0.76 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $43.69
US Median H/L US$ $21.01 $34.39 $48.58 $49.65 $39.12 $48.71 $55.13 $49.79 $48.86 $86.73 $68.27 $57.67 $48.61 $40.60 0.07% <-Total Growth 10 Stock Price US$
Increase -9.47% 63.66% 41.28% 2.21% -21.22% 24.52% 13.18% -9.68% -1.87% 77.50% -21.29% -15.53% -15.70% -16.49% 0.01% <-IRR #YR-> 10 Stock Price 0.07% US$
P/E 6.90 10.17 11.18 10.17 7.58 8.26 8.34 8.91 19.39 17.35 33.63 13.63 13.81 8.17 -0.48% <-IRR #YR-> 5 Stock Price -2.37% US$
Trailing P/E 10.00 11.29 14.37 11.43 8.02 9.44 9.34 7.53 8.74 34.41 13.65 28.41 11.49 11.53 2.96% <-IRR #YR-> 10 Price & Dividend 31.73% US$
P/E on Run. 5 yr Ave 16.71 18.07 16.24 13.99 9.40 10.29 10.25 8.85 9.48 16.93 15.69 14.89 14.05 10.28 3.10% <-IRR #YR-> 5 Price & Dividend 18.36% US$
P/E on Run. 10 yr Ave 15.55 22.06 26.77 23.04 15.33 16.26 15.14 11.55 11.22 18.68 15.03 12.46 10.70 8.92 11.94 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 2.95% 3.58% % Tot Ret 99.77% 115.41% T P/E 10.43 13.65 P/E:  11.90 17.35 Count 33 Years of data
-$48.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $48.61
-$49.79 $0.00 $0.00 $0.00 $0.00 $48.61
-$48.58 $0.88 $1.00 $1.10 $1.32 $1.46 $1.60 $1.72 $1.80 $1.84 $50.51
-$49.79 $1.60 $1.72 $1.80 $1.84 $50.51
Month Dec Oct Aug Jun Dec Dec May Apr Dec Jun Jan Feb Jan Nov
Pre-Split 2010
Pre-Split 2015 $50.02 $86.25
Price High US$ $25.01 $43.13 $57.03 $58.74 $46.78 $57.83 $66.24 $56.64 $73.50 $103.74 $89.34 $67.68 $59.19 $50.37 3.79% <-Total Growth 10 Stock Price US$
Increase -18.65% 72.43% 32.24% 3.00% -20.36% 23.62% 14.54% -14.49% 29.77% 41.14% -13.88% -24.24% -12.54% -14.90% 0.37% <-IRR #YR-> 10 Stock Price 3.79% US$
P/E 8.21 12.76 13.13 12.04 9.07 9.80 10.02 10.13 29.17 20.75 44.01 16.00 16.82 10.14 0.88% <-IRR #YR-> 5 Stock Price 4.50% US$
Trailing P/E 11.91 14.16 16.87 13.52 9.59 11.21 11.23 8.57 13.15 41.17 17.87 33.34 13.99 14.31 13.13 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 13.33 17.87 P/E:  14.02 20.75 24.15 P/E Ratio Historical High US$
Month Jan Jan Jan Dec Feb Apr Dec May Mar Jan Oct Oct Aug Apr
Price Low US$ $17.01 $25.65 $40.13 $40.56 $31.45 $39.58 $44.01 $42.94 $24.22 $69.71 $47.19 $47.65 $38.03 $30.82 -5.22% <-Total Growth 10 Stock Price US$
Increase 8.55% 50.76% 56.46% 1.08% -22.46% 25.85% 11.19% -2.43% -43.60% 187.82% -32.31% 0.97% -20.19% -18.96% -0.53% <-IRR #YR-> 10 Stock Price -5.22% US$
P/E 5.59 7.59 9.23 8.31 6.09 6.71 6.66 7.68 9.61 13.94 23.25 11.26 10.80 6.20 -2.40% <-IRR #YR-> 5 Stock Price -11.43% US$
Trailing P/E 8.10 8.42 11.87 9.33 6.44 7.67 7.46 6.50 4.33 27.66 9.44 23.47 8.99 8.76 9.23 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 8.33 9.44 P/E:  8.96 11.26 6.60 P/E Ratio Historical Low US$
-$40.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $38.03
-$42.94 $0.00 $0.00 $0.00 $0.00 $38.03
Free Cash Flow Mkt Sc US$ $2,133 $1,568 $414 $649 $1,456 $1,219 $1,350 $1,591
Change -26.49% -73.60% 56.76% 124.35% -16.28% 10.75% 17.85%
$361 <-12 mths -73.93%
Free Cash Flow WSJ CDN$ $2,861 $1,966 $539 $876 $1,995
Change -31.28% -72.58% 62.52% 127.74%
Free Cash Flow WSJ US$ $2,247 $1,551 $398 $662 $1,386
Change -30.99% -74.34% 66.43% 109.33%
$828 <-12 mths 6.15%
Free Cash Flow old $1,327 $741 $1,459 $1,471 $2,519 $2,068 $2,133 $1,568 $414
Change -44.16% 96.90% 0.82% 71.24% -17.90% 3.14% -26.49% -73.60%
Free Cash Flow $932 $1,398 $1,450 $1,090 $1,500 $1,700 $2,220 $2,170 $1,600 $1,760 $740 $380 $780 $1,876 -46.21% <-Total Growth 10 Free Cash Flow US$
Change 3684.62% 50.00% 3.72% -24.83% 37.61% 13.33% 30.59% -2.25% -26.27% 10.00% -57.95% -48.65% 105.26% 140.51% -18.51% <-IRR #YR-> 5 Free Cash Flow MS -64.06% US$
FCF/CF from Op Ratio 0.59 0.59 0.59 0.59 0.59 0.59 0.59 0.55 0.49 0.60 0.35 0.12 0.21 0.68 -6.01% <-IRR #YR-> 10 Free Cash Flow MS -46.21% US$
Dividends paid $252.00 $284.00 $316.00 $354 $385 $400 $448 $449 $467 $514 $514 $527 $537 $549 70.08% <-Total Growth 10 Dividends paid US$
Percentage paid 20.31% 21.79% 32.48% 25.67% 23.53% 20.18% 20.69% 29.19% 29.20% 69.46% 138.74% 68.91% 29.25% $0.29 <-Median-> 10 Percentage paid US$
5 Year Coverage 24.98% 24.36% 23.91% 23.46% 23.38% 24.11% 28.17% 37.16% 48.66% 47.71% 5 Year Coverage US$
Dividend Coverage Ratio 3.70 4.92 4.59 3.08 3.90 4.25 4.96 4.83 3.43 3.42 1.44 0.72 1.45 3.42 3.43 <-Median-> 10 Dividend Coverage Ratio US$
5 Year of Coverage 4.00 4.10 4.18 4.26 4.28 4.15 3.55 2.69 2.05 2.10 5 Year of Coverage US$
-$2,170 $0 $0 $0 $0 $780
-$1,450 $0 $0 $0 $0 $0 $0 $0 $0 $0 $780
Market Cap US$ $11,662 $18,148 $22,301 $16,316 $16,590 $20,291 $14,878 $16,630 $21,277 $24,110 $16,064 $16,928 $11,821 $13,652 $13,652 $13,652 -46.99% <-Total Growth 10 Market Cap  US$
Market Cap CDN$ $11,583 $19,262 $25,830 $22,575 $22,285 $25,508 $20,285 $21,591 $27,081 $30,487 $21,748 $22,432 $16,995 $19,244 $19,244 $19,244 -34.20% <-Total Growth 10 Market Cap  CDN$
Pre-Split 2015 235.2 230.8 216.6
Diluted # of Shares in Million 470.4 461.6 433.2 412.7 393.2 373.9 347.5 315.8 300.4 302.8 291.2 286.6 286.9 286.6 -33.77% <-Total Growth 10 Diluted # of Shares in Million
Change -3.13% -1.87% -6.15% -4.73% -4.72% -4.91% -7.06% -9.12% -4.88% 0.80% -3.83% -1.58% 0.10% -0.10% -4.73% <-Median-> 10 Change
Difference Diluted/Basic -1.19% -1.26% -1.39% -1.26% -0.56% -0.56% -0.60% -0.35% -0.23% -0.73% -0.27% -0.14% -0.03% -0.17% -0.45% <-Median-> 10 Difference Diluted/Basic
Pre-Split 2015 232.4 227.9 213.6
Basic # of Shares in Millions 464.8 455.8 427.2 407.5 391.0 371.8 345.4 314.7 299.7 300.6 290.4 286.2 286.8 286.1 -32.87% <-Total Growth 10 Basic
Change -2.88% -1.94% -6.27% -4.61% -4.05% -4.91% -7.10% -8.89% -4.77% 0.30% -3.39% -1.45% 0.21% -0.24% -4.33% <-Median-> 10 Change
Difference Basic/Outstanding 0.3% -3.0% -4.0% -1.3% -2.2% -3.7% -5.2% -3.6% 0.3% -0.9% -1.5% 0.1% -1.4% -1.1% -1.45% <-Median-> 10 Difference Basic/Outstanding
$3,526 <-12 mths -2.97%
Pre-Split 2010
Pre-Split 2015 233.156 221.152 205.163
# of Share in Millions 466.312 442.303 410.325 402.264 382.253 358.063 327.339 303.250 300.527 297.872 285.932 286.523 282.876 282.876 282.876 282.876 -3.65% <-IRR #YR-> 10 Shares -31.06%
Change -0.07% -5.15% -7.23% -1.96% -4.97% -6.33% -8.58% -7.36% -0.90% -0.88% -4.01% 0.21% -1.27% 0.00% 0.00% 0.00% -1.38% <-IRR #YR-> 5 Shares -6.72%
CF fr Op $M US$ $2,134 $2,567 $2,792 $2,332 $3,386 $3,329 $3,718 $3,960 $3,278 $2,940 $2,095 $3,149 $3,634 $2,756 $3,395 $3,751 30.16% <-Total Growth 10 Cash Flow US$
Increase 76.36% 20.29% 8.77% -16.48% 45.20% -1.68% 11.69% 6.51% -17.22% -10.31% -28.74% 50.31% 15.40% -24.17% 23.18% 10.50% SO, DRIP Buy Backs Collapsed Dual Cl. S. Issue
5 year Running Average $1,359 $1,662 $2,115 $2,207 $2,642 $2,881 $3,111 $3,345 $3,534 $3,445 $3,198 $3,084 $3,019 $2,915 $3,006 $3,337 42.75% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $4.58 $5.80 $6.80 $5.80 $8.86 $9.30 $11.36 $13.06 $10.91 $9.87 $7.33 $10.99 $12.85 $9.74 $12.00 $13.26 88.80% <-Total Growth 10 Cash Flow per Share US$
Increase 76.49% 26.82% 17.24% -14.80% 52.80% 4.96% 22.17% 14.97% -16.47% -9.51% -25.77% 50.00% 16.89% -24.17% 23.18% 10.50% 2.67% <-IRR #YR-> 10 Cash Flow 30.16% US$
5 year Running Average $2.91 $3.60 $4.73 $5.11 $6.37 $7.31 $8.42 $9.67 $10.70 $10.90 $10.50 $10.43 $10.39 $10.16 $10.58 $11.77 -1.70% <-IRR #YR-> 5 Cash Flow -8.23% US$
P/CF on Med Price 4.59 5.92 7.14 8.56 4.42 5.24 4.85 3.81 4.48 8.79 9.32 5.25 3.78 4.17 0.00 0.00 6.56% <-IRR #YR-> 10 Cash Flow per Share 88.80% US$
P/CF on Closing Price 5.47 7.07 7.99 7.00 4.90 6.10 4.00 4.20 6.49 8.20 7.67 5.38 3.25 4.95 4.02 3.64 -0.33% <-IRR #YR-> 5 Cash Flow per Share -1.62% US$
-1.83% Diff M/C 8.19% <-IRR #YR-> 10 CFPS 5 yr Running 119.75% US$
$2,992 <-12 mths 1.32%
Excl.Working Capital CF -$72.0 $127.0 $245.0 $344.0 -$81.0 $232.0 $153.0 -$352.0 -$536.0 $189.0 $322.0 -$221.0 -$681.0 $0 $0 $0 1.44% <-IRR #YR-> 5 CFPS 5 yr Running 7.39% US$
CF fr Op $M WC US$ $2,062 $2,694 $3,037 $2,676 $3,305 $3,561 $3,871 $3,608 $2,742 $3,129 $2,417 $2,928 $2,953 $2,756 $3,395 $3,751 -2.77% <-Total Growth 10 Cash Flow less WC US$
Increase 12.00% 30.65% 12.73% -11.89% 23.51% 7.75% 8.71% -6.79% -24.00% 14.11% -22.75% 21.14% 0.85% -6.68% 23.18% 10.50% 3.50% <-IRR #YR-> 10 Cash Flow less WC -2.77% US$
5 year Running Average $1,510 $1,783 $2,266 $2,462 $2,755 $3,055 $3,290 $3,404 $3,417 $3,382 $3,153 $2,965 $2,834 $2,837 $2,890 $3,156 -2.58% <-IRR #YR-> 5 Cash Flow less WC -18.15% US$
CFPS Excl. WC US$ $4.42 $6.09 $7.40 $6.65 $8.65 $9.95 $11.83 $11.90 $9.12 $10.50 $8.45 $10.22 $10.44 $9.74 $12.00 $13.26 2.26% <-IRR #YR-> 10 CF less WC 5 Yr Run 25.07% US$
Increase 12.08% 37.74% 21.52% -10.12% 29.97% 15.02% 18.91% 0.61% -23.31% 15.13% -19.53% 20.89% 2.15% -6.68% 23.18% 10.50% -3.60% <-IRR #YR-> 5 CF less WC 5 Yr Run -16.76% US$
5 year Running Average $3.24 $3.87 $5.07 $5.70 $6.64 $7.75 $8.89 $9.79 $10.29 $10.66 $10.36 $10.04 $9.75 $9.87 $10.17 $11.13 3.50% <-IRR #YR-> 10 CF - Less WC 41.04% US$
P/CF on Med Price 4.75 5.65 6.56 7.46 4.52 4.90 4.66 4.18 5.36 8.26 8.08 5.64 4.66 4.17 0.00 0.00 -2.58% <-IRR #YR-> 5 CF - Less WC -12.26% US$
P/CF on Closing Price 5.66 6.74 7.34 6.10 5.02 5.70 3.84 4.61 7.76 7.71 6.65 5.78 4.00 4.95 4.02 3.64 6.75% <-IRR #YR-> 10 CFPS 5 yr Running 92.24% US$
CF/-WC P/CF Med 10 yr 5.05 5 yr  5.25 P/CF Med 10 yr 5.13 5 yr  5.64 -3.36% Diff M/C -0.09% <-IRR #YR-> 5 CFPS 5 yr Running -0.46% US$
$4,972 <-12 mths -4.92%
CF fr Op $M CDN$ $2,123 $2,730 $3,239 $3,229 $4,546 $4,176 $5,072 $5,143 $4,174 $3,727 $2,837 $4,165 $5,229 $3,886 $4,786 $5,289 61.44% <-Total Growth 10 Cash Flow CDN$
Increase 72.53% 28.60% 18.63% -0.30% 40.79% -8.14% 21.45% 1.40% -18.85% -10.69% -23.87% 46.78% 25.55% -25.69% 23.18% 10.50% SO, DRIP Buy Backs Collapsed Dual Cl. S. Issue
5 year Running Average $1,412 $1,699 $2,237 $2,510 $3,174 $3,584 $4,053 $4,433 $4,622 $4,458 $4,191 $4,009 $4,026 $3,969 $4,181 $4,671 80.00% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $4.55 $6.17 $7.89 $8.03 $11.89 $11.66 $15.49 $16.96 $13.89 $12.51 $9.92 $14.54 $18.49 $13.74 $16.92 $18.70 134.17% <-Total Growth 10 Cash Flow per Share CDN$
Increase 72.65% 35.58% 27.88% 1.70% 48.16% -1.94% 32.85% 9.46% -18.12% -9.90% -20.70% 46.48% 27.17% -25.69% 23.18% 10.50% 4.91% <-IRR #YR-> 10 Cash Flow 61.44% CDN$
5 year Running Average $3.02 $3.68 $5.02 $5.86 $7.71 $9.13 $10.99 $12.81 $13.98 $14.10 $13.76 $13.56 $13.87 $13.84 $14.72 $16.47 0.33% <-IRR #YR-> 5 Cash Flow 1.67% CDN$
P/CF on Med Price 4.62 5.70 6.69 8.02 4.44 5.42 4.70 3.94 4.59 8.56 8.93 5.35 3.55 4.17 0.00 0.00 8.88% <-IRR #YR-> 10 Cash Flow per Share 134.17% CDN$
P/CF on Closing Price 5.46 7.06 7.97 6.99 4.90 6.11 4.00 4.20 6.49 8.18 7.66 5.39 3.25 4.95 4.02 3.64 1.74% <-IRR #YR-> 5 Cash Flow per Share 8.99% CDN$
-1.41% Diff M/C 10.70% <-IRR #YR-> 10 CFPS 5 yr Running 176.33% CDN$
$4,219 <-12 mths -0.71%
Excl.Working Capital CF -$71.6 $135.1 $284.2 $476.4 -$108.8 $291.0 $208.7 -$457.2 -$682.4 $239.6 $436.1 -$292.3 -$979.9 $0.0 $0.0 $0.0 1.60% <-IRR #YR-> 5 CFPS 5 yr Running 8.28% CDN$
CF fr Op $M WC CDN$ $2,051 $2,865 $3,523 $3,706 $4,438 $4,467 $5,281 $4,686 $3,491 $3,967 $3,274 $3,873 $4,249 $3,886 $4,786 $5,289 20.60% <-Total Growth 10 Cash Flow less WC CDN$
Increase 9.57% 39.67% 22.96% 5.18% 19.76% 0.67% 18.21% -11.26% -25.50% 13.63% -17.48% 18.30% 9.72% -8.55% 23.18% 10.50% 1.89% <-IRR #YR-> 10 Cash Flow less WC 20.60% CDN$
5 year Running Average $1,577 $1,825 $2,400 $2,804 $3,317 $3,800 $4,283 $4,515 $4,473 $4,378 $4,140 $3,858 $3,771 $3,850 $4,013 $4,416 -1.94% <-IRR #YR-> 5 Cash Flow less WC -9.33% CDN$
CFPS Excl. WC CDN$ $4.40 $6.48 $8.59 $9.21 $11.61 $12.48 $16.13 $15.45 $11.62 $13.32 $11.45 $13.52 $15.02 $13.74 $16.92 $18.70 4.62% <-IRR #YR-> 10 CF less WC 5 Yr Run 57.13% CDN$
Increase 9.65% 47.25% 32.54% 7.28% 26.02% 7.47% 29.31% -4.21% -24.83% 14.64% -14.03% 18.05% 11.14% -8.55% 23.18% 10.50% -3.54% <-IRR #YR-> 5 CF less WC 5 Yr Run -16.49% CDN$
5 year Running Average $3.39 $3.96 $5.39 $6.54 $8.06 $9.67 $11.60 $12.98 $13.46 $13.80 $13.59 $13.07 $12.98 $13.41 $14.13 $15.58 5.75% <-IRR #YR-> 10 CFPS - Less WC 74.94% CDN$
P/CF on Med Price 4.78 5.43 6.15 6.99 4.55 5.07 4.51 4.33 5.48 8.05 7.74 5.75 4.37 4.17 0.00 0.00 -0.57% <-IRR #YR-> 5 CFPS - Less WC -2.79% CDN$
P/CF on Closing Price 5.65 6.72 7.33 6.09 5.02 5.71 3.84 4.61 7.76 7.69 6.64 5.79 4.00 4.95 4.02 3.64 9.19% <-IRR #YR-> 10 CFPS 5 yr Running 140.88% CDN$
*Operational Cash Flow per share (Class A & B) CF/-WC P/CF Med 10 yr 5.02 5 yr  5.35 P/CF Med 10 yr 5.28 5 yr  5.75 -6.13% Diff M/C 0.01% <-IRR #YR-> 5 CFPS 5 yr Running 0.06% CDN$
OPM 6.92% 7.37% 7.62% 7.26% 9.29% 9.01% 9.11% 10.04% 10.04% 8.11% 5.54% 7.36% 8.48% 6.63% 11.33% <-Total Growth 10 OPM CDN$
Increase 64.42% 6.48% 3.40% -4.76% 28.02% -3.02% 1.07% 10.28% -0.02% -19.21% -31.75% 32.90% 15.30% -21.88% should be zero, it is a check on calculations CDN$
Diff from Ave -20.9% -15.8% -12.9% -17.0% 6.2% 3.0% 4.1% 14.8% 14.8% -7.3% -36.7% -15.9% -3.0% -24.2% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 8.75% 5 Yrs 8.11% Should increase or be stable. CDN$
$2,239 <-12 mths -3.86%
EBIT US$ (Adjusted) $2,545 $1,676 $2,064 $1,662 $2,238 $2,329 $2,224 $2,457 $2,618 EBIT US$ US$
Change -34.15% 23.15% -19.48% 34.66% 4.07% -4.51% 10.48% 6.55% Change US$
Margin 6.45% 5.13% 5.70% 4.39% 5.23% 5.44% 5.35% 5.84% 6.03% Margin US$
$3,703 <-12 mths -3.54%
EBITDA US$ $3,890 $3,042 $3,576 $3,081 $3,674 $3,839 $3,847 $4,073 $4,223 EBITDA US$ US$
Change -21.80% 17.55% -13.84% 19.25% 4.49% 0.21% 5.87% 3.68% Change US$
Margin 9.87% 9.32% 9.87% 8.14% 8.58% 8.96% 9.25% 9.68% 9.72% Margin US$
Debt US$ 112 102 $812 $2,346 $2,394 $3,195 $3,084 $3,062 $3,973 $3,538 $2,847 $4,175 $4,134 $4,967 409.11% <-Total Growth 10 Debt US$
Change -8.93% 696.08% 188.92% 2.05% 33.46% -3.47% -0.71% 29.75% -10.95% -19.53% 46.65% -0.98% 20.15% 0.67% <-Median-> 10 Change US$
Debt/Market Cap Ratio 0.01 0.01 0.04 0.14 0.14 0.16 0.21 0.18 0.19 0.15 0.18 0.25 0.35 0.36 0.18 <-Median-> 10 Debt/Market Cap Ratio US$
Assets/Current Liabilities Ratio 2.56 2.46 2.38 2.71 2.60 2.77 2.52 3.02 2.94 2.80 2.53 2.44 2.57 2.73 2.65 <-Median-> 10 Assets/Current Liab Ratio US$
Current Liabilities/Asset Ratio 0.39 0.41 0.42 0.37 0.39 0.36 0.40 0.33 0.34 0.36 0.40 0.41 0.39 0.37 0.38 <-Median-> 10 Current Liab/Asset Ratio US$
Debt to Cash Flow (Years) 0.05 0.04 0.29 1.01 0.71 0.96 0.83 0.77 1.21 1.20 1.36 1.33 1.14 1.80 Debt to Cash Flow (Years) US$
Debt CDN$ $111 $108 $942 $3,249 $3,214 $4,008 $4,207 $3,977 $5,058 $4,485 $3,856 $5,522 $5,948 $7,003 531.47% <-Total Growth 10 Debt CDN$
Change -2.64% 768.31% 244.86% -1.05% 24.69% 4.97% -5.47% 27.19% -11.33% -14.03% 43.20% 7.72% 17.74% 6.35% <-Median-> 10 Change CDN$
Debt/Market Cap Ratio 0.01 0.01 0.04 0.14 0.14 0.16 0.21 0.18 0.19 0.15 0.18 0.25 0.35 0.36 0.18 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 2.56 2.46 2.38 2.71 2.60 2.77 2.52 3.02 2.94 2.80 2.53 2.44 2.57 2.73 2.65 <-Median-> 10 Assets/Current Liab Ratio CDN$
Current Liabilities/Asset Ratio 0.39 0.41 0.42 0.37 0.39 0.36 0.40 0.33 0.34 0.36 0.40 0.41 0.39 0.37 0.38 <-Median-> 10 Current Liab/Asset Ratio CDN$
Debt to Cash Flow (Years) 0.05 0.04 0.29 1.01 0.71 0.96 0.83 0.77 1.21 1.20 1.36 1.33 1.14 1.80 1.07 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles $169 $621 $650 $560 $484 $481 $481 $452 $876 $738 $707 336.69% <-Total Growth 9 Intangibles US$
Goodwill $1,473 $1,440 $1,350 $1,344 $1,923 $2,099 $1,979 $1,976 $2,095 $2,095 $2,031 $2,767 $2,674 $2,875 98.07% <-Total Growth 10 Goodwill US$
Total $1,473 $1,440 $1,350 $1,513 $2,544 $2,749 $2,539 $2,460 $2,576 $2,576 $2,483 $3,643 $3,412 $3,582 152.74% <-Total Growth 10 Total US$
Change 23.16% -2.24% -6.25% 12.07% 68.14% 8.06% -7.64% -3.11% 4.72% 0.00% -3.61% 46.72% -6.34% 4.98% 2.36% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.13 0.08 0.06 0.09 0.15 0.14 0.17 0.15 0.12 0.11 0.15 0.22 0.29 0.26 0.15 <-Median-> 10 Intangible/Market Cap Ratio US$
Intangibles $234 $834 $815 $764 $629 $612 $610 $612 $1,159 $1,062 $997 353.77% <-Total Growth 9 Intangibles CDN$
Goodwill $1,465 $1,532 $1,566 $1,861 $2,582 $2,633 $2,700 $2,566 $2,667 $2,656 $2,751 $3,660 $3,848 $4,054 145.68% <-Total Growth 10 Goodwill CDN$
Total $1,465 $1,532 $1,566 $2,095 $3,416 $3,449 $3,464 $3,195 $3,280 $3,266 $3,363 $4,818 $4,910 $5,051 213.48% <-Total Growth 10 Total CDN$
Change 20.48% 4.51% 2.26% 33.78% 63.04% 0.96% 0.44% -7.76% 2.65% -0.42% 2.97% 43.27% 1.89% 2.87% 2.27% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.13 0.08 0.06 0.09 0.15 0.14 0.17 0.15 0.12 0.11 0.15 0.21 0.29 0.26 0.15 <-Median-> 10 Intangible/Market Cap Ratio CDN$
Current Assets US$ $9,135 $9,923 $10,007 $11,144 $10,163 $11,564 $11,834 $10,745 $13,366 $13,502 $12,525 $14,037 $13,118 $14,282 Liquidity ratio of 1.5 and up, best US$
Current Liabilities $6,684 $7,309 $7,611 $7,276 $8,695 $9,166 $10,304 $8,529 $9,743 $10,401 $10,998 $13,234 $12,097 $12,059 1.21 <-Median-> 10 Ratio US$
Liquidity 1.37 1.36 1.31 1.53 1.17 1.26 1.15 1.26 1.37 1.30 1.14 1.06 1.08 1.18 1.14 <-Median-> 5 Ratio US$
Assets US$ $17,109 $17,990 $18,139 $19,706 $22,566 $25,393 $25,945 $25,790 $28,605 $29,086 $27,789 $32,255 $31,039 $32,907 Debt Ratio of 1.5 and up, best US$
Liabilities $7,651 $8,351 $9,466 $10,589 $12,347 $13,661 $14,786 $14,659 $16,885 $16,861 $16,454 $19,978 $19,099 $19,972 1.74 <-Median-> 10 Ratio US$
Debt Ratio 2.24 2.15 1.92 1.86 1.83 1.86 1.75 1.76 1.69 1.73 1.69 1.61 1.63 1.65 1.69 <-Median-> 5 Ratio US$
Estimates BVPS $45.80 $51.46 $56.00 Estimates Estimates BVPS
Estimate Book Value $12,956 $14,557 $15,841 Estimates Estimate Book Value
P/B Ratio (Close) 1.05 0.94 0.86 Estimates P/B Ratio (Close)
Difference from 10 year median -31.66% Diff M/C Estimates Difference from 10 yr med.
Total Book Value US$ $9,458 $9,639 $8,673 $9,117 $10,219 $11,732 $11,159 $11,131 $11,720 $12,225 $11,335 $12,277 $11,940 $12,935 37.67% <-Total Growth 10 Book Value US$
NCI US$ $29 $16 $14 $151 $451 $504 $458 $300 $350 $389 $400 $393 $393 $336 NCI US$ US$
Book Value US $9,429 $9,623 $8,659 $8,966 $9,768 $11,228 $10,701 $10,831 $11,370 $11,836 $10,935 $11,884 $11,547 $12,599 $12,599 $12,599 33.35% <-Total Growth 10 Book Value US$
Book Value per Share $20.22 $21.76 $21.10 $22.29 $25.55 $31.36 $32.69 $35.72 $37.83 $39.74 $38.24 $41.48 $40.82 $44.54 $44.54 $44.54 93.43% <-Total Growth 10 Book Value US$
Change 15.42% 7.60% -3.01% 5.62% 14.65% 22.71% 4.25% 9.25% 5.93% 5.03% -3.75% 8.45% -1.58% 9.11% 0.00% 0.00% -29.73% Current/Historical Book Value US$
P/B Ratio (Median) 1.04 1.58 2.30 2.23 1.53 1.55 1.69 1.39 1.29 2.18 1.79 1.39 1.19 0.91 0.00 0.00 1.39 P/BV Ratio Historical Median US$
P/B Ratio (Close) 1.24 1.89 2.58 1.82 1.70 1.81 1.39 1.54 1.87 2.04 1.47 1.42 1.02 1.08 1.08 1.08 6.82% <-IRR #YR-> 10 Book Value 93.43% US$
Change 30.10% 52.47% 36.57% -29.34% -6.67% 6.41% -23.07% 10.44% 21.88% 8.85% -27.88% -3.04% -28.13% 5.84% 0.00% 0.00% 2.71% <-IRR #YR-> 5 Book Value 14.29% US$
Leverage (A/BK) 1.81 1.87 2.09 2.20 2.31 2.26 2.42 2.38 2.52 2.46 2.54 2.71 2.69 2.61 0.00 0.00 2.44 <-Median-> 10 A/BV US$
Debt/Equity Ratio 0.81 0.87 1.09 1.18 1.26 1.22 1.38 1.35 1.49 1.42 1.50 1.68 1.65 1.59 0.00 0.00 1.40 <-Median-> 10 Debt/Eq Ratio US$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.54 5 yr Med 1.39 -29.73% Diff M/C
-$21.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $40.82
-$35.72 $0.00 $0.00 $0.00 $0.00 $40.82
Current Assets CDN$ $9,088 $10,554 $11,609 $15,432 $13,646 $14,507 $16,144 $13,956 $17,018 $17,118 $16,964 $18,565 $18,875 $20,138 Liquidity ratio of 1.5 and up, best CDN$
Current Liabilities $6,650 $7,774 $8,830 $10,075 $11,675 $11,499 $14,057 $11,077 $12,405 $13,186 $14,896 $17,503 $17,406 $17,003 1.21 <-Median-> 10 Ratio CDN$
Liquidity 1.37 1.36 1.31 1.53 1.17 1.26 1.15 1.26 1.37 1.30 1.14 1.06 1.08 1.18 1.14 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 1.65 1.67 1.64 1.81 1.52 1.58 1.47 1.67 1.66 1.53 1.28 1.26 1.34 1.37 1.34 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.30 1.43 1.35 1.53 1.02 1.29 1.20 1.59 1.45 1.26 1.08 0.94 1.10 1.37 1.10 <-Median-> 5 Ratio CDN$
Assets CDN$ $17,022 $19,134 $21,043 $27,288 $30,299 $31,856 $35,394 $33,496 $36,420 $36,875 $37,637 $42,660 $44,662 $46,399 Debt Ratio of 1.5 and up, best CDN$
Liabilities $7,612 $8,882 $10,982 $14,663 $16,578 $17,138 $20,171 $19,039 $21,498 $21,376 $22,285 $26,423 $27,482 $28,161 1.74 <-Median-> 10 Ratio CDN$
Debt Ratio 2.24 2.15 1.92 1.86 1.83 1.86 1.75 1.76 1.69 1.73 1.69 1.61 1.63 1.65 1.69 <-Median-> 5 Ratio CDN$
CDN$ Check $9,410 $10,252 $10,062 $12,625 $13,721 $14,718 $15,223 $14,457 $14,922 $15,499 $15,352 $16,238 $17,180 $18,238
Total Book Value CDN$ $9,410 $10,252 $10,062 $12,625 $13,721 $14,718 $15,223 $14,457 $14,922 $15,499 $15,352 $16,238 $17,180 $18,238 70.75% <-Total Growth 10 Book Value CDN$
NCI CDN$ $29 $17 $16 $209 $606 $632 $625 $390 $446 $493 $542 $520 $565 $474 NCI CDN$
Book Value CDN $9,381 $10,235 $10,045 $12,416 $13,115 $14,086 $14,598 $14,067 $14,476 $15,006 $14,810 $15,718 $16,615 $17,765 $17,765 $17,765 65.40% <-Total Growth 10 Book Value CDN$
Book Value per Share $20.12 $23.14 $24.48 $30.86 $34.31 $39.34 $44.60 $46.39 $48.17 $50.38 $51.80 $54.86 $58.74 $62.80 $62.80 $62.80 139.92% <-Total Growth 10 Book Value CDN$
Change 12.91% 15.03% 5.80% 26.07% 11.17% 14.65% 13.37% 4.02% 3.84% 4.58% 2.82% 5.91% 7.07% 6.92% 0.00% 0.00% -31.17% Current/Historical Book Value CDN$
P/B Ratio (Median) 1.05 1.52 2.16 2.09 1.54 1.61 1.63 1.44 1.32 2.13 1.71 1.42 1.12 0.91 0.00 0.00 1.42 P/BV Ratio Historical Median CDN$
P/B Ratio (Close) 1.23 1.88 2.57 1.82 1.70 1.81 1.39 1.53 1.87 2.03 1.47 1.43 1.02 1.08 1.08 1.08 7.90% <-IRR #YR-> 10 Book Value 139.92% CDN$
Change 29.41% 52.42% 36.63% -29.29% -6.55% 6.58% -23.27% 10.46% 21.88% 8.61% -27.72% -2.81% -28.33% 5.90% 0.00% 0.00% 14.35% <-IRR #YR-> 5 Book Value 26.62% CDN$
Leverage (A/BK) 1.81 1.87 2.09 2.20 2.31 2.26 2.42 2.38 2.52 2.46 2.54 2.71 2.69 2.61 0.00 0.00 2.44 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 0.81 0.87 1.09 1.18 1.26 1.22 1.38 1.35 1.49 1.42 1.50 1.68 1.65 1.59 0.00 0.00 1.40 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.57 5 yr Med 1.42 -31.17% Diff M/C
$1,181 <-12 mths 205.17%
Comprehensive Income US$ $1,506 $1,403 $1,037 $1,082 $2,048 $3,131 $1,703 $1,674 $1,034 $1,344 $369 $1,430 $316
NCI -$5 -$17 -$2 -$8 $18 $81 $11 -$140 -$72 -$72 -$72 -$72 -$71
Shareholders $1,511 $1,420 $1,039 $1,090 $2,030 $3,050 $1,692 $1,814 $1,106 $1,416 $441 $1,502 $387 -62.75% <-Total Growth 10 Comprehensive Income US$
Increase 107.27% -6.02% -26.83% 4.91% 86.24% 50.25% -44.52% 7.21% -39.03% 28.03% -68.86% 240.59% -74.23% -39.03% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $472 $945 $1,150 $1,158 $1,418 $1,726 $1,780 $1,935 $1,938 $1,816 $1,294 $1,256 $970 -9.40% <-IRR #YR-> 10 Comprehensive Income -62.75% US$
ROE US$ 16.0% 14.7% 12.0% 12.0% 19.9% 26.0% 15.2% 16.3% 9.4% 11.6% 3.9% 12.2% 3.2% -26.58% <-IRR #YR-> 5 Comprehensive Income -78.67% US$
5Yr Median 8.9% 12.9% 12.9% 12.0% 14.7% 14.7% 15.2% 16.3% 16.3% 15.2% 11.6% 11.6% 9.4% -1.69% <-IRR #YR-> 10 5 Yr Running Average -15.63% US$
% Difference from NI 5.1% -9.2% -44.9% -46.7% -4.5% 32.3% -29.3% 0.0% 41.7% -9.4% -28.1% 19.9% -65.9% -12.89% <-IRR #YR-> 5 5 Yr Running Average -49.86% US$
Median Values Diff 5, 10 yr -7.0% -9.4% 9.4% <-Median-> 5 Return on Equity US$
Current Liability Coverage Ratio US$ 0.31 0.37 0.40 0.37 0.38 0.39 0.38 0.42 0.28 0.30 0.22 0.22 0.24 0.23   CFO / Current Liabilities US$
5 year Median 0.31 0.32 0.33 0.37 0.37 0.38 0.38 0.38 0.38 0.38 0.30 0.28 0.24 0.23 0.24 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio US$ 12.05% 14.97% 16.74% 13.58% 14.65% 14.02% 14.92% 13.99% 9.59% 10.76% 8.70% 9.08% 9.51% 8.37% CFO / Total Assets US$
5 year Median 12.05% 12.20% 12.54% 13.58% 14.65% 14.65% 14.65% 14.02% 14.02% 13.99% 10.76% 9.59% 9.51% 9.08% 9.5% <-Median-> 5 Return on Assets  US$
Return on Assets ROA US$ 8.38% 8.68% 10.38% 10.22% 9.00% 8.69% 8.85% 6.84% 2.65% 5.21% 2.13% 3.76% 3.53% 4.21% Net  Income/Assets Return on Assets US$
5Yr Median 6.94% 7.00% 8.38% 8.68% 9.00% 9.00% 9.00% 8.85% 8.69% 6.84% 5.21% 3.76% 3.53% 3.76% 3.5% <-Median-> 5 Asset Efficiency Ratio US$
Return on Equity ROE US$ 15.20% 16.22% 21.73% 22.45% 20.79% 19.65% 21.46% 16.30% 6.66% 12.79% 5.41% 10.21% 9.49% 10.99% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 12.06% 12.45% 15.20% 16.22% 20.79% 20.79% 21.46% 20.79% 19.65% 16.30% 12.79% 10.21% 9.49% 10.21% 9.5% <-Median-> 5 Return on Equity US$
$1,072 <-12 mths -2.19%
Net Income US$ $1,426 $1,545 $1,880 $2,007 $2,074 $2,255 $2,332 $1,632 $677 $1,553 $641 $1,286 $1,009 Net Income  US$
NCI -$7 -$16 -$2 -$6 $43 $49 $36 -$133 -$80 $39 $49 $73 -$87 NCI US$
Shareholders $1,433 $1,561 $1,882 $2,013 $2,031 $2,206 $2,296 $1,765 $757 $1,514 $592 $1,213 $1,096 $1,385 $1,560 $1,579 -41.76% <-Total Growth 10 Shareholders US$
Increase 40.77% 8.93% 20.56% 6.96% 0.89% 8.62% 4.08% -23.13% -57.11% 100.00% -60.90% 104.90% -9.65% 26.37% 12.64% 12.64% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $600.4 $898.4 $1,373.4 $1,581.4 $1,784.0 $1,938.6 $2,085.6 $2,062.2 $1,811.0 $1,707.6 $1,384.8 $1,168.2 $1,034.4 $1,160.0 $1,169.2 $1,169.2 -5.26% <-IRR #YR-> 10 Net Income -41.76% US$
Operating Cash Flow $2,134 $2,567 $2,792 $2,332 $3,386 $3,329 $3,718 $3,960 $3,278 $2,940 $2,095 $3,149 $3,634 -9.09% <-IRR #YR-> 5 Net Income -37.90% US$
Investment Cash Flow -$1,815 -$1,207 -$1,617 -$1,288 -$4,271 -$2,128 -$2,276 -$434 -$1,400 -$2,283 -$2,038 -$4,503 -$2,592 -2.79% <-IRR #YR-> 10 5 Yr Running Ave. -24.68% US$
Total Accruals $1,114 $201 $707 $969 $2,916 $1,005 $854 -$1,761 -$1,121 $857 $535 $2,567 $54 -12.89% <-IRR #YR-> 5 5 Yr Running Ave. -49.84% US$
Total Assets $17,109 $17,990 $18,139 $19,706 $22,566 $25,393 $25,945 $25,790 $28,605 $29,086 $27,789 $32,255 $31,039 Balance Sheet Assets US$
Accruals Ratio 6.51% 1.12% 3.90% 4.92% 12.92% 3.96% 3.29% -6.83% -3.92% 2.95% 1.93% 7.96% 0.17% 1.93% <-Median-> 5 Ratio US$
EPS/CF Ratio (WC) 0.69 0.55 0.59 0.73 0.60 0.59 0.56 0.47 0.28 0.48 0.24 0.41 0.34
Financial Cash Flow US$ -$216 -$1,300 -$1,378 $741 -$1,020 -$1,564 -$1,443 -$2,947 $81 -$1,106 -$1,106 $1,337 -$989 C F Statement  Financial Cash Flow US$
Total Accruals $1,330 $1,501 $2,085 $228 $3,936 $2,569 $2,297 $1,186 -$1,202 $1,963 $1,641 $1,230 $1,043 Accruals US$
Accruals Ratio 7.77% 8.34% 11.49% 1.16% 17.44% 10.12% 8.85% 4.60% -4.20% 6.75% 5.91% 3.81% 3.36% 3.81% <-Median-> 5 Ratio US$
$1,665 <-12 mths 199.04%
Comprehensive Income CDN$ $1,498 $1,492 $1,203 $1,498 $2,750 $3,928 $2,323 $2,174 $1,316 $1,704 $500 $1,891 $455
NCI -$5 -$18 -$2 -$11 $24 $102 $15 -$182 -$92 -$91 -$98 -$95 -$102
Shareholders $1,503 $1,510 $1,205 $1,509 $2,726 $3,826 $2,308 $2,356 $1,408 $1,795 $597 $1,987 $557 -53.80% <-Total Growth 10 Comprehensive Income CDN$
Increase 102.77% 0.47% -20.19% 25.22% 80.58% 40.38% -39.67% 2.07% -40.23% 27.49% -66.73% 232.59% -71.97% -40.23% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $430 $963 $1,201 $1,294 $1,691 $2,155 $2,315 $2,545 $2,525 $2,339 $1,693 $1,629 $1,269 -7.43% <-IRR #YR-> 10 Comprehensive Income -53.80% CDN$
ROE CDN$ 16.0% 14.7% 12.0% 12.0% 19.9% 26.0% 15.2% 16.3% 9.4% 11.6% 3.9% 12.2% 3.2% -25.06% <-IRR #YR-> 5 Comprehensive Income -76.36% CDN$
5Yr Median 8.9% 12.9% 12.9% 12.0% 14.7% 14.7% 15.2% 16.3% 16.3% 15.2% 11.6% 11.6% 9.4% 0.55% <-IRR #YR-> 10 5 Yr Running Average 5.62% CDN$
% Difference from NI 5.1% -9.2% -44.9% -46.7% -4.5% 32.3% -29.3% 0.0% 41.7% -9.4% -28.1% 19.9% -65.9% -13.00% <-IRR #YR-> 5 5 Yr Running Average -50.15% CDN$
Median Values Diff 5, 10 yr -7.0% -9.4% 9.4% <-Median-> 5 Return on Equity CDN$
Current Liability Coverage Ratio CDN$ 0.31 0.37 0.40 0.37 0.38 0.39 0.38 0.42 0.28 0.30 0.22 0.22 0.24 0.23   CFO / Current Liabilities CDN$
5 year Median 0.31 0.32 0.33 0.37 0.37 0.38 0.38 0.38 0.38 0.38 0.30 0.28 0.24 0.23 0.24 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio CDN$ 12.05% 14.97% 16.74% 13.58% 14.65% 14.02% 14.92% 13.99% 9.59% 10.76% 8.70% 9.08% 9.51% 8.37% CFO / Total Assets CDN$
5 year Median 12.05% 12.20% 12.54% 13.58% 14.65% 14.65% 14.65% 14.02% 14.02% 13.99% 10.76% 9.59% 9.51% 9.08% 9.5% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA CDN$ 8.4% 8.7% 10.4% 10.2% 9.0% 8.7% 8.8% 6.8% 2.6% 5.2% 2.1% 3.8% 3.5% 4.2% Net  Income/Assets Return on Assets CDN$
5Yr Median 6.9% 7.0% 8.4% 8.7% 9.0% 9.0% 9.0% 8.8% 8.7% 6.8% 5.2% 3.8% 3.5% 3.8% 3.5% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE CDN$ 15.2% 16.2% 21.7% 22.5% 20.8% 19.6% 21.5% 16.3% 6.7% 12.8% 5.4% 10.2% 9.5% 11.0% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 12.1% 12.5% 15.2% 16.2% 20.8% 20.8% 21.5% 20.8% 19.6% 16.3% 12.8% 10.2% 9.5% 10.2% 9.5% <-Median-> 5 Return on Equity CDN$
$1,512 <-12 mths -4.15%
Net Income CDN$ $1,419 $1,643 $2,181 $2,779 $2,785 $2,829 $3,181 $2,120 $862 $1,969 $868 $1,701 $1,452 Net Income  CDN$
NCI -$7 -$17 -$2 -$8 $58 $61 $49 -$173 -$102 $49 $66 $97 -$125 NCI CDN$
Shareholders $1,426 $1,660 $2,183 $2,787 $2,727 $2,767 $3,132 $2,292 $964 $1,919 $802 $1,604 $1,577 $1,953 $2,200 $2,226 -27.77% <-Total Growth 10 Shareholders CDN$
Increase 37.71% 16.45% 31.50% 27.67% -2.17% 1.48% 13.18% -26.81% -57.96% 99.15% -58.23% 100.09% -1.70% 23.83% 12.64% 1.22% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $599.9 $914.6 $1,454.5 $1,818.4 $2,156.8 $2,425.1 $2,719.5 $2,741.3 $2,376.6 $2,215.1 $1,821.9 $1,516.4 $1,373.3 $1,571.1 $1,627.1 $1,912.0 -3.20% <-IRR #YR-> 10 Net Income -27.77% CDN$
Operating Cash Flow $2,123 $2,730 $3,239 $3,229 $4,546 $4,176 $5,072 $5,143 $4,174 $3,727 $2,837 $4,165 $5,229 -7.21% <-IRR #YR-> 5 Net Income -31.21% CDN$
Investment Cash Flow -$1,806 -$1,284 -$1,876 -$1,784 -$5,735 -$2,670 -$3,105 -$564 -$1,782 -$2,894 -$2,760 -$5,956 -$3,730 -0.57% <-IRR #YR-> 10 5 Yr Running Ave. -5.58% CDN$
Total Accruals $1,108 $214 $820 $1,342 $3,915 $1,261 $1,165 -$2,287 -$1,427 $1,087 $725 $3,395 $78 -12.91% <-IRR #YR-> 5 5 Yr Running Ave. -49.90% CDN$
Total Assets $17,022 $19,134 $21,043 $27,288 $30,299 $31,856 $35,394 $33,496 $36,420 $36,875 $37,637 $42,660 $44,662 Balance Sheet Assets CDN$
Accruals Ratio 6.51% 1.12% 3.90% 4.92% 12.92% 3.96% 3.29% -6.83% -3.92% 2.95% 1.93% 7.96% 0.17% 1.93% <-Median-> 5 Ratio CDN$
EPS/CF Ratio (WC) 0.69 0.55 0.59 0.73 0.60 0.59 0.56 0.47 0.28 0.48 0.24 0.41 0.34 0.47 <-Median-> 10 EPS/CF Ratio CDN$
Change in Close 46.12% 75.32% 44.55% -10.85% 3.88% 22.20% -13.01% 14.89% 26.56% 13.58% -25.69% 2.93% -23.26% 13.23% 0.00% 0.00% Count 34 Years of data CDN$
up/down down down down Up down Count 11 32.35% CDN$
Meet Prediction? Yes Yes % right Count 3 27.27% CDN$
Financial Cash Flow CDN$ -$215 -$1,383 -$1,599 $1,026 -$1,370 -$1,962 -$1,969 -$3,828 $103 -$1,402 -$1,733 -$1,733 -$1,733 C F Statement  Financial Cash Flow CDN$
Total Accruals $1,323 $1,596 $2,419 $316 $5,285 $3,223 $3,134 $1,540 -$1,530 $2,489 $2,458 $5,128 $1,811 Accruals CDN$
Accruals Ratio 7.77% 8.34% 11.49% 1.16% 17.44% 10.12% 8.85% 4.60% -4.20% 6.75% 6.53% 12.02% 4.05% 6.53% <-Median-> 5 Ratio CDN$
Cash US$ $1,522 $1,554 $1,253 $2,863 $974 $839 $802 $1,392 $3,374 $2,948 $1,234 $1,198 $1,247 $1,327 Cash US$
Cash CDN$ $1,318 $1,409 $1,537 $1,835 $1,779 $1,662 $1,808 $1,721 $1,687 $1,680 $1,795 $1,752 $1,907 $1,868 Cash CDN$
Cash per Share CDN$ $2.83 $3.19 $3.75 $4.56 $4.65 $4.64 $5.52 $5.67 $5.61 $5.64 $6.28 $6.12 $6.74 $6.60 $6.12 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 11.38% 7.32% 5.95% 8.13% 7.98% 6.52% 8.91% 7.97% 6.23% 5.51% 8.25% 7.81% 11.22% 9.71% 7.81% <-Median-> 5 % of Stock Price CDN$
Notes:
November 22, 2025.  Last estimates were for 2024, 2025, 2026 US$ of $42.553M, $43227M, $43787M Revenue, $5.26, $6.03, $6.86 AEPS, $4.57, $6.15, $7.20 EPS, $1.90, $1.94, $1.94 Dividends, 
$1168M. $1876M FCF, $9.83, $12.30, $14.20 CFPS, $2262M, $2457M, $2772M EBIT, $3863M, $4062M, $4452M EBITDA, $45.84, $48.95, $53.22 BVPS, $1334M, $1611M, $1896M Net Income.
November 28, 2024.  Last estimates were for 2023, 2024 and 2025 of $42649M, $45108M, $47049M US$ Revenue, $5.52, $6.79, $8.28 US$ AEPS, $5.01, $6.71, $8.47 US$ EPS, 
$1.85, $1.89, $1.90 US$ Dividends, $262M, $1168M, $1876M US$ FCF, $10.10, $12.60, $15.40 US$ CFPS, $42.90, \447.60, $53.40 US$ BVPS, $1468M, $1904M, $2358M US$ Net Income.
November 27, 2023.  Last estimates were for 37767M, $39880M and $42789M US$ for Revenue, $4.63, $6.25 and $8.49 US$ for AEPS, $4.03, $6.21 and $8.29 US$ for EPS, 
$1.80, $1.87 and $1.99 US$ for Dividends, $594M, $1744M and $2206M US$ for FCF, $7.95, $12.40 and $15.80 US$ for CFPS, $39.50, $41.20 and $45.80 US$ for BVPS, $1140M, $1799M and $2337M US$ for Net Income.
December 4, 2022..  Last estimates were for 2021, 2022 and 2023 of $35973M, $39874M and $44892M US$ for Revenue, $4.54, $6.77 and $10.10 US$ for EPS, 
$1.72, $1.73 and $1.91 US$ for Dividends, $1043M, $1860M and $2281M US$ for FCF, $8.48, $12.10 and $15.70 US$ for CFPS, and $1368M, $2016M and $2904M US$ for Net Inc.
December 8, 2021.  Last estimates were for 2020, 2021 and 2022 of $32007M, $37796M and $40023M US$ for Revenue, $1.98, $5.66 and $7.22 US$ for EPS, 
$1.59, $1.61 and $1.78 US$ for Dividends, $905M, $1460M and $1588M US$ for FCF, and $561M, $1742M and $1990M US$ for Net Income.
December 13, 2020.  Last estimates were for 2019, 2020 and 2021 of $39287M, $39858M and $40357M US$ for Revenue, $7.14, $8.50 and $7.15 US$ for EPS, 
$10.70, $11.20 and $12.80 US$ for CFPS, and $1738M, $1959M and $2125M US$ for Net Income.
December 17, 2019.  Last estimates were for 2018, 2019 and 2020 of $41017M, $41504M and $42134M for Revenue US$, $6.85, $7.14 and $8.30 for EPS US$, 
$10.60, $10.70 and $12.20 for CFPS US$, $2345M $2388M and $2494M for Net Income US$.
December 22, 2018.  Last estimates were for 2017, 2018 and 2019 of $3868M, $41991M and $44671M for Revenue, US$, $5.88, $6.64 and $7.64 for EPS US$,
 $8.93, $10.00 and $11.60 for CFPS US$, $2209M, $2390 and $2542M for Net Income US$.
December 23, 2017.  Last estimates were for 2016, 2017 and 2018 of $36231M, $37534M and $40298M for Revenue US$, $5.22, $5.68 and $6.44 EPS US$, 
$8.61, $9.37 and $8.98 CFPS US$, $2065M, $2175M and $2412M for Net Income US$.
December 26, 2016.  Last estimates were for 2015, 2016 and 2017 of $32412M, $35572M and $37100M US$ for Revenue, $4.47, $5.27 and $6.17 for EPS US$, 
$7.50, $8.53and $9.43 for CFPS US$ and $2536M, $2806M and $3139M for Net Income US$.
December 26, 2015.  Last estimates were for 2014, 2015 and 2016 of $36213M, $37480M and $38842M US$ for Revenue, $7.94, $9.37 and $10.80 US$ for EPS, 
$12.40, $13.50 and $15.60 US$ for CFPS and $1737M, $1974M and $2178M US$ for Net Income.
December 25, 2014.  Last estimates were for 2013, 2014 and 2015 of 34385M, $36172M and $37532M for Revenue US$, $6.38, $7.61 and $8.01 for EPS US$, $9.56, $10.80 and $12.40 for CFPS US$.
December 14, 2013.  Last estimates were for 2012 and 2013 of $30462M and $31920M for Revenue US$, $5.19 and $5.28 US$ for EPS.
Dec 8, 2012.  Last Estimates were for 2010 and 2011 at $28644M and f$29722M US$ Revenue, $4.44 and $4.60 US$ EPS and $6.55 and $7.20 US$ CF.
Nov 12, 2011.  Last I looked I got EPS of $3.94 and $4.02 US$ EPS and $13.88 and $13.73 US$  for Cash Flow.
Nov 11, 2010.  I have updated spreadsheet for 2 for 1 split of November 2010.
Nov 9, 2010.  Stronach sold their interest in this stock to the  company and Canadian symbol has changed from MG.A to just MG.  Stronach got 9M shares.
2009. My number of shares do not agree with that on G&M site for 2009, but I have recheck 2009 report and my number of shares is correct.  G&M missed out Class B shares in 2009.
AR 2005.  Needless to say that this stock has not performed liked I would have wanted.  TD rates as Hold and I am doing this for now.  Since I have bought this in 02 IRR is 7.02%.  At least it is not a loss.
AR 2005.  It is not a loss because of the dividend only.
AR 2004.  Price has gone even lower in 2005. 
AR. 2003.  Returns have not been great re last 5 years, but we have just come out of a bear market. 
Prior to 1998, yr ended July 31
There used to be 2 classes of shares, Class B Multiple voting shares and Class A subordinate Voting Shares.  As of August 31, 2010 there are only common shares.
Sector:
Consumer Discretionary, Consumer
What should this stock accomplish?
You would buy this stock for diversification reasons.  There may be volatility in this stock, especially concerning Earnings and Cash Flow. 
You should buy it for both rising dividends and capital gain appreciation.  You should expect moderate dividend yield and moderate dividend growth. 
Would I buy this company and Why.
I would prefer to see a few more years without Frank to see how this company works out.  Dividends have been erratic so would not be my first choice as a dividend paying stock to buy.
Why I bought and sold this stock.
I held this company between September 2002 and September 2006 and earned 5% return per year including dividends.  
When I bought this stock in 2002, I felt I was paying a good price for it.  There were some rumors that it might be bought out in 2006, so I sold. 
Why am I following this stock. 
Magna is a stock I have tracked for some time.  I have always liked Frank Stronach, the entrepreneur who used to run this company.  
Manufacturing firms are fairly risky and it is not the sort of company I usually buy.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
We aim to be our customers' preferred global supplier partner for the automotive industry, by delivering the best value built on innovative products and 
processes and World Class Manufacturing. We strive to be the employer of choice, an ethical and responsible corporate citizen and a superior long-term investment for our shareholders.
Dividends
Dividend is paid in Cycle 3 with payment months of March, June, September and December.  Dividends on declared in one month for shareholders of record of that month and payble in the following month.
For example, the dividend delcared on November 5, 2013 for shareholders of record on November 29, 2013 is payable on December 13, 2013.
How they make their money.
Magna International product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, 
electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2024, 48% of Magna's USD 42.8 billion of revenue came from North America, 
while Europe accounted for approximately 37% and Asia the remainder.   
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2017 Dec 22 2018 Dec 17 2019 Dec 13 2020 Dec 8 2021 Dec 4 2022 Nov 27 2023 Nov 28 2024 Nov 22 2025
Kotagiri, Seetarama 0.068 0.02% 0.186 0.06% 0.206 0.07% 0.162 0.06% 0.187 0.07% 0.214 0.07% 14.46%
CEO - Shares - Amount $6.149 $18.993 $15.702 $12.715 $14.225 $16.759
Options - percentage 0.618 0.21% 0.768 0.26% 1.539 0.54% 1.733 0.60% 2.049 0.72% 2.570 0.90% 25.46%
Options - amount $55.669 $78.575 $117.088 $135.650 $155.836 $201.240
Fracassa, Philip D. 0.000 0.00% #DIV/0!
CFO - Shares - Amount $0.000
Options - percentage 0.118 0.04% #DIV/0!
Options - amount $9.246
McCann, Patrick William David 0.020 0.01% 0.014 0.00% 0.018 0.01% Ceased insider Dec 2020 -100.00%
CFO - Shares - Amount $1.525 $1.105 $1.367 Last filing Feb 2024
Options - percentage 0.216 0.08% 0.263 0.09% 0.353 0.12% -100.00%
Options - amount $16.441 $20.601 $26.881
Wilds, Eric J 0.032 0.01% 0.036 0.01% 11.52%
Officer - Shares - Amount $2.460 $2.824
Options - percentage 0.382 0.13% 0.491 0.17% 28.55%
Options - amount $29.077 $38.474
Rucker, Tom 0.015 0.01% 0.020 0.01% 37.43%
Officer - Shares - Amount $1.119 $1.582
Options - percentage 0.306 0.11% 0.415 0.14% 35.61%
Options - amount $23.296 $32.518
Apfalter, Guenther Friedrich 0.02% 0.081 0.02% 0.088 0.03% 0.091 0.03% 0.100 0.03% 0.108 0.04% 0.115 0.04% Ceased insider Dec 2023
Officer - Shares - Amount $5.307 $5.017 $6.255 $8.232 $10.191 $8.241 $9.036
Options - percentage 0.09% 0.324 0.10% 0.356 0.12% 0.362 0.12% 0.272 0.09% 0.000 0.00% 0.313 0.11%
Options - amount $23.248 $20.077 $25.338 $32.623 $27.846 $0.000 $24.466
Harder, Vernon Peter 0.000 0.00% #DIV/0!
Director - Shares - Amount $0.000
Options - percentage 0.036 0.01% #DIV/0!
Options - amount $2.805
Bowie, Peter Guy 0.00% 0.014 0.00% 0.014 0.00% 0.014 0.00% 0.014 0.00% 0.014 0.00% 0.000 0.00% Ceased insider May 2024
Director - Shares - Amount $0.997 $0.868 $0.997 $1.262 $1.433 $1.065 $0.000
Options - percentage 0.01% 0.042 0.01% 0.048 0.02% 0.055 0.02% 0.057 0.02% 0.064 0.02% 0.073 0.03%
Options - amount $2.649 $2.615 $3.437 $4.945 $5.790 $4.888 $5.683
Maher, Mary Lou 0.003 0.00% 0.003 0.00% 0.001 0.00% -83.87%
Director - Shares - Amount $0.243 $0.236 $0.039
Options - percentage 0.009 0.00% 0.015 0.01% 0.022 0.01% 49.68%
Options - amount $0.722 $1.138 $1.754
Westlake, Lisa Ann Simone 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.00%
Director - Shares - Amount $0.157 $0.152 $0.157
Options - percentage 0.015 0.01% 0.018 0.01% 0.022 0.01% 18.69%
Options - amount $1.170 $1.381 $1.688
MacLellan, Robert Francis 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Chairman- Shares - Amount $0.000 $0.000 $0.000 $0.000 $0.000
Options - percentage 0.016 0.01% 0.024 0.01% 0.035 0.01% 0.047 0.02% 0.062 0.02% 33.56%
Options - amount $1.664 $1.833 $2.702 $3.555 $4.887
Young, William L. 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00% 0.004 0.00%
Chairman- Shares - Amount $0.265 $0.231 $0.265 $0.335 $0.381
Options - percentage 0.02% 0.097 0.03% 0.107 0.04% 0.116 0.04% 0.121 0.04%
Options - amount $6.138 $6.018 $7.635 $10.420 $12.338
Increase in O/S Shares 0.55% 1.700 0.47% 1.300 0.40% 1.200 0.40% 2.300 0.77% 3.400 1.14% 0.700 0.24% 0.900 0.31% 1.000 0.35%
due to SO $122.430 $121.108 $80.561 $85.440 $207.253 $347.990 $53.242 $70.461 $76.060
Book Value $47.000 $56.000 $60.000 $53.000 $115.000 $192.000 $40.000 $45.000 $55.000
Insider Buying -$1.113 -$0.972 $0.000 -$0.044 -$0.174 -$0.338 $0.000 $0.000 $0.000
Insider Selling $44.283 $59.078 $46.408 $85.291 $81.393 $1.499 $9.700 $5.536 $0.167
Net Insider Selling $43.170 $58.106 $46.408 $85.246 $81.218 $1.162 $9.700 $5.536 $0.167
% of Market Cap 0.17% 0.29% 0.21% 0.31% 0.27% 0.01% 0.04% 0.03% 0.00%
Directors 11 11 12 12 12 13 12 13
Women 36% 4 36% 4 36% 4 33% 5 42% 5 42% 5 38% 5 42% 4 31%
Minorities 9% 2 18% 2 18% 2 17% 2 17% 3 25% 4 31% 4 33% 4 31%
Institutions/Holdings 61.08% 490 61.65% 20 46.92% 20 38.09% 20 45.63% 20 51.21% 20 51.18% 20 46.41%
Total Shares Held 61.55% 205.907 62.90% 140.424 46.73% 114.550 38.46% 130.409 45.61% 146.635 51.18% 147.074 51.44% 130.787 45.65%
Increase/Decrease -2.16% -5.488 -2.60% 8.887 6.76% 0.108 0.09% 1.539 1.19% 7.719 5.56% 2.649 1.83% 6.407 5.15%
Starting No. of Shares Nasdaq 211.395 Nasdaq 131.537 Top 20 MS 114.441 Top 20 MS 128.869 Top 20 MS 138.916 Top 20 MS 144.425 Top 20 MS 124.380 Top 20 MS
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My stock
27/09/02 -$8,797.00 $87.97 100
19/11/02 -$8,342.00 $83.42 100
29/08/03 $2,737.00 Granite Real Estate
28/09/06 $15,713.90 $85.70 200
28/09/06 $0.00
2.15% XIRR
4.65%
2.50% 53.7%
% from $19,940.61 Total Value Gain
-$18,450.90 Less Sale of Stock
$0.00 Less Stock Value
53.17% $1,489.71 Dividends Paid 8.69%
$17,139.00 Cost of Stock
$18,450.90 Sale of Stock
46.83% $1,311.90 Capital Gains/Loss 7.65%
100.00% $2,801.61 Total Return 16.35%
Start Date 27-Sep-02 Shares 200
End date 28-Sep-06 Dividends pd per Share $7.45
Years 4.00 Div less cost -$78.25
Cost $85.70
% paid by div 8.69%
27/09/02 -$8,797.00
19/11/02 -$8,342.00
29/08/03 $2,737.00 Granite Real Estate
29/08/03 -$2,737.00 Granite Real Estate 100
28/09/06 $15,713.90 Sold Magna
02/12/09 $1,409.01 Sold Granite
02/12/09 $0.00 $66.25 300
-0.02% XIRR
-1.75%
-1.73% 98.7%
% from $22,749.39 Total Value Gain
-$19,859.91 Less Sale of Stock
$0.00 Less Stock Value
100.56% $2,889.48 Dividends Paid 14.54%
$19,876.00 Cost of Stock
$19,859.91 Sale of Stock
-0.56% -$16.09 Capital Gains/Loss -0.08%
100.00% $2,873.39 Total Return 14.46%
Start Date 27-Sep-02 Shares 300
End date 2-Dec-09 Dividends pd per Share $9.63
Years 7.18 Div less cost -$56.62
Cost $66.25
% paid by div 14.54%