This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Estimates	Estimates	Estimates
See my website on stocks or see my blog at the following sites.							www.spbrunner.com/stocks.html				www.spbrunner.blogspot.com/			Q3 2024
Propel Holding Inc					TSX	PRL	OTC	PRLPF	https://www.propelholdings.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
Accounting Rules					IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
Currency								US$-->
USD - CDN$	0.9949	1.0636	1.1601	1.3847	1.3427	1.2545	1.3642	1.2988	1.2732	1.2678	1.3544	1.3226	1.4389	1.3705	1.3705	1.3705		2.07%	<-IRR #YR->	5	USD - CDN$
Change	-2.17%	6.91%	9.07%	19.36%	-3.04%	-6.57%	8.74%	-4.79%	-1.97%	-0.42%	6.83%	-2.35%	8.79%	-4.75%	0.00%	0.00%		2.18%	<-IRR #YR->	10	USD - CDN$
Exchange 5 years								-1.2988	0.0000	0.0000	0.0000	0.0000	1.4389
Exchange 10 years			-1.1601	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	1.4389
														$563	<-12 mths	25.24%			Estimates		last 12 months from Qtr.
Revenue* US$								$67.970	$73.462	$129.649	$226.851	$316.488	$449.731	$595.5	$748.1	$949.0		561.66%	<-Total Growth	5	Revenue
Increase									8.08%	76.49%	74.97%	39.51%	42.10%	32.41%	25.63%	26.85%		45.92%	<-IRR #YR->	5	Revenue	#DIV/0!	US$
5 year Running Average											$100	$163	$239	$343.6	$467.3	$611.8		45.92%	<-IRR #YR->	5	Revenue	561.66%	US$
Revenue per Share								$2.89	$3.09	$3.78	$6.61	$9.22	$11.58	$15.13	$19.01	$24.11		46.88%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	US$
Increase									6.92%	22.07%	74.97%	39.51%	25.58%	30.69%	25.63%	26.85%		46.88%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	US$
5 year Running Average								$0.58	$1.20	$1.95	$3.27	$5.12	$6.86	$9.26	$12.31	$15.81		31.96%	<-IRR #YR->	5	Revenue per Share	#DIV/0!	US$
P/S (Price/Sales) Med											0.93	0.86	1.62	1.45	0.00	0.00		31.96%	<-IRR #YR->	5	Revenue per Share	300.08%	US$
P/S (Price/Sales) Close										1.70	0.89	1.04	2.09	1.21	0.96	0.76		33.93%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	US$
*Sales in M US $					P/S Med	20 yr	0.93	15 yr	0.93	10 yr	0.93	5 yr	0.93		30.17%	Diff M/C		33.93%	<-IRR #YR->	1	5 yr Running Average	1084.46%	US$
								-$68.0	$0.0	$0.0	$0.0	$0.0	$449.7
								-$68.0	$0.0	$0.0	$0.0	$0.0	$449.7
												-$162.9	$239.2
												-$162.9	$239.2
								-$2.89	$0.00	$0.00	$0.00	$0.00	$11.58
								-$2.89	$0.00	$0.00	$0.00	$0.00	$11.58
												-$5.12	$6.86
												-$5.12	$6.86
														$772	<-12 mths	19.29%
Revenue* CDN$								$88.280	$93.531	$164.369	$307.246	$418.587	$647.118	$816.133	$1,025.271	$1,300.605		633.03%	<-Total Growth	5	Revenue
Increase									5.95%	75.74%	86.92%	36.24%	54.60%	26.12%	25.63%	26.85%		48.94%	<-IRR #YR->	5	Revenue	#DIV/0!	CDN$
5 year Running Average											$131	$214.4	$326.2	$470.7	$642.9	$841.5		48.94%	<-IRR #YR->	5	Revenue	633.03%	CDN$
Revenue per Share								$3.76	$3.94	$4.79	$8.95	$12.19	$16.66	$20.74	$26.05	$33.05		52.13%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
Increase									4.81%	21.55%	86.92%	36.23%	36.63%	24.48%	25.63%	26.85%		52.13%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
5 year Running Average												$6.73	$9.31	$12.67	$16.92	$21.74		34.69%	<-IRR #YR->	5	Revenue per Share	#DIV/0!	CDN$
P/S (Price/Sales) Med										2.57	1.08	0.81	1.57	1.50	0.00	0.00		34.69%	<-IRR #YR->	5	Revenue per Share	343.24%	CDN$
P/S (Price/Sales) Close									2.62	2.82	0.83	1.06	2.21	1.22	0.97	0.76		38.36%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
*Sales in M CDN $					P/S Med	20 yr	1.32	15 yr	1.32	10 yr	1.32	5 yr	1.32		-26.83%	Diff M/C		38.36%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
								-$88.3	$0.0	$0.0	$0.0	$0.0	$647.1
								-$88.3	$0.0	$0.0	$0.0	$0.0	$647.1
												-$214.4	$326.2
												-$214.4	$326.2
								-$3.76	$0.00	$0.00	$0.00	$0.00	$16.66
								-$3.76	$0.00	$0.00	$0.00	$0.00	$16.66
												-$6.73	$9.31
												-$6.73	$9.31
														$76.04	<-12 mths	21.97%
														$1.71	<-12 mths	4.27%
Adjusted Net Income US$								$2.047	$9.221	$12.911	$20.429	$36.1	$62.3					2945.99%	<-Total Growth	5	Adjusted Net Income US$		US$
Basic								$0.09	$0.39	$0.47	$0.60	$1.05	$1.78					1877.78%	<-Total Growth	5	AEPS		US$
AEPS* Dilued								$0.08	$0.38	$0.46	$0.57	$0.98	$1.64	$1.81	$2.46	$3.36		1950.00%	<-Total Growth	5	AEPS		US$
Increase									375.00%	21.05%	23.91%	71.93%	67.35%	10.37%	35.91%	36.59%		6	0	6	Years of Data, EPS P or N	100.00%	US$
5 year Running Average												$0.49	$0.81	$1.09	$1.49	$2.05		82.96%	<-IRR #YR->	5	AEPS	#DIV/0!	US$
AEPS Yield										7.15%	9.74%	10.21%	6.76%	9.89%	13.44%	18.36%		82.96%	<-IRR #YR->	5	AEPS	1950.00%	US$
Payout Ratio								31.25%	28.95%	64.13%	51.40%	30.14%	24.90%	28.80%	24.92%	18.24%		63.16%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	US$
5 year Running Average								6.25%	12.04%	24.87%	35.15%	41.17%	39.90%	39.87%	32.03%	25.40%		63.16%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	US$
Price/AEPS Median										0.00	10.77	8.09	11.46	12.11	0.00	0.00		9.43	<-Median->	4	Price/AEPS Median		US$
Price/AEPS High										0.00	11.28	10.67	17.38	15.84	0.00	0.00		10.98	<-Median->	4	Price/AEPS High		US$
Price/AEPS Low										0.00	10.26	5.51	5.55	8.38	0.00	0.00		5.53	<-Median->	4	Price/AEPS Low		US$
Price/AEPS Close										13.99	10.26	9.80	14.79	10.11	7.44	5.45		12.12	<-Median->	4	Price/AEPS Close		US$
Trailing P/AEPS Close										16.93	12.72	16.84	24.74	11.16	10.11	7.44		16.89	<-Median->	4	Trailing P/AEPS Close		US$
Median Values		DPR	10 Yrs	30.69%	5 Yrs	30.14%	P/CF	5 Yrs	in order	9.43	10.98	5.53	12.12		7.20%	Diff M/C					DPR 75% to 95% best		US$
* Adjusted Earnings per Share
								-$0.08	$0.00	$0.00	$0.00	$0.00	$1.64
								-$0.08	$0.00	$0.00	$0.00	$0.00	$1.64
												-$0.49	$0.81
												-$0.49	$0.81
														$104.22	<-12 mths	26.38%
														$2.34	<-12 mths	-0.69%
Adjusted Net Income CDN$								$2.8	$12.0	$16.4	$25.9	$48.9	$82.5					2853.11%	<-Total Growth	5	Adjusted Net Income CDN$		CDN$
Basic								$0.12	$0.51	$0.60	$0.76	$1.42	$2.35					1817.47%	<-Total Growth	5	AEPS		CDN$
AEPS* Dilued								$0.10	$0.48	$0.58	$0.77	$1.30	$2.36	$2.48	$3.37	$4.60		2171.13%	<-Total Growth	5	AEPS		CDN$
Increase									365.64%	20.54%	32.38%	67.89%	82.06%	5.12%	35.91%	36.59%		6	0	6	Years of Data, EPS P or N	100.00%	CDN$
5 year Running Average												$0.65	$1.10	$1.50	$2.06	$2.82		86.74%	<-IRR #YR->	5	AEPS	#DIV/0!	CDN$
AEPS Yield									4.68%	4.32%	10.36%	9.99%	6.41%	9.83%	13.36%	18.24%		86.74%	<-IRR #YR->	5	AEPS	2171.13%	CDN$
Payout Ratio								31.25%	28.95%	64.13%	49.22%	30.86%	22.88%	30.23%	24.92%	18.24%		69.65%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
5 year Running Average								6.25%	12.04%	24.87%	34.71%	40.88%	39.21%	39.47%	31.62%	25.43%		69.65%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
Price/AEPS Median										21.09	12.55	7.64	11.06	12.56	0.00	0.00		11.80	<-Median->	4	Price/AEPS Median		CDN$
Price/AEPS High										24.61	17.06	10.32	16.84	17.02	0.00	0.00		16.95	<-Median->	4	Price/AEPS High		CDN$
Price/AEPS Low										17.58	8.03	4.96	5.28	8.09	0.00	0.00		6.65	<-Median->	4	Price/AEPS Low		CDN$
Price/AEPS Close									21.37	23.15	9.65	10.01	15.59	10.17	7.49	5.48		15.59	<-Median->	5	Price/AEPS Close		CDN$
Trailing P/AEPS Close									99.51	27.90	12.77	16.80	28.38	10.70	10.17	7.49		27.90	<-Median->	5	Trailing P/AEPS Close		CDN$
Median Values		DPR	10 Yrs	31.06%	5 Yrs	30.86%	P/CF	5 Yrs	in order	11.80	16.95	6.65	15.59		-13.78%	Diff M/C					DPR 75% to 95% best		CDN$
* Adjusted Earnings per Share
								-$0.10	$0.00	$0.00	$0.00	$0.00	$2.36
								-$0.10	$0.00	$0.00	$0.00	$0.00	$2.36
												-$0.65	$1.10
												-$0.65	$1.10
														$1.56	<-12 mths	27.87%			Estimates		Last 12 months from Qtr
Difference Basic and Diluted								11.11%	3.23%	4.17%	4.55%	6.17%	7.58%					5.36%	<-Median->	6	Difference Basic and Diluted
EPS Basic US$								$0.09	$0.31	$0.24	$0.44	$0.81	$1.32					1366.67%	<-Total Growth	5	EPS Basic
EPS Diluted*								$0.08	$0.30	$0.23	$0.42	$0.76	$1.22	$1.66	$2.23	$3.02		1425.00%	<-Total Growth	5	EPS Diluted
Increase									275.00%	-23.33%	82.61%	80.95%	60.53%	36.23%	34.36%	35.02%		6	0	6	Years of Data, EPS P or N	100.00%	US$
Earnings Yield										3.58%	7.18%	7.92%	5.03%	#DIV/0!	#DIV/0!	#DIV/0!		72.45%	<-IRR #YR->	5	Earnings per Share	#DIV/0!	US$
5 year Running Average											$0.21	$0.36	$0.59	$0.86	$1.26	$1.78		72.45%	<-IRR #YR->	5	Earnings per Share	1425.00%	US$
10 year Running Average								$0.01	$0.04	$0.06	$0.10	$0.18	$0.30	$0.47	$0.69	$0.99		63.69%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	US$
* Diluted ESP per share									E/P	10 Yrs	6.11%	5Yrs	6.11%					63.69%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	US$
								-$0.08	$0.00	$0.00	$0.00	$0.00	$1.22
								-$0.08	$0.00	$0.00	$0.00	$0.00	$1.22
												-$0.36	$0.59
												-$0.36	$0.59
														$2.14	<-12 mths	21.79%			Estimates		Last 12 months from Qtr
Difference Basic and Diluted								11.11%	3.23%	4.17%	4.55%	6.17%	7.58%					5.36%	<-Median->	6	Difference Basic and Diluted
EPS Basic CDN$								$0.12	$0.39	$0.30	$0.60	$1.07	$1.90					1524.87%	<-Total Growth	5	EPS Basic
EPS Diluted*								$0.10	$0.38	$0.29	$0.57	$1.01	$1.76	$2.28	$3.06	$4.13		1589.50%	<-Total Growth	5	EPS Diluted
Increase									267.61%	-23.66%	95.08%	76.70%	74.64%	29.75%	34.36%	35.02%		6	0	6	Years of Data, EPS P or N	100.00%	CDN$
Earnings Yield									3.69%	2.16%	7.64%	7.75%	4.77%	9.02%	12.12%	16.37%		76.02%	<-IRR #YR->	5	Earnings per Share	#DIV/0!	CDN$
5 year Running Average											$0.27	$0.47	$0.80	$1.18	$1.73	$2.45		76.02%	<-IRR #YR->	5	Earnings per Share	1589.50%	CDN$
10 year Running Average											$0.13	$0.24	$0.41	$0.64	$0.94	$1.36		70.23%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
* Diluted ESP per share									E/P	10 Yrs	4.77%	5Yrs	4.77%					70.23%	<-IRR #YR->	1	5 yr Running Average	#DIV/0!	CDN$
								-$0.10	$0.00	$0.00	$0.00	$0.00	$1.76
								-$0.10	$0.00	$0.00	$0.00	$0.00	$1.76
												-$0.47	$0.80
												-$0.47	$0.80
Dividend* US$														$0.64	$0.81	$0.98			Estimates		Dividend*		US$
Increase														56.88%	26.70%	20.83%			Estimates		Increase		US$
Payout Ratio EPS													0.00%	38.54%	36.34%	32.52%			Estimates		Payout Ratio EPS		US$
Special Dividends								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	6	Special Dividends		US$
Dividend*								$0.025	$0.110	$0.295	$0.293	$0.30	$0.41	$0.52	$0.61	$0.61		1533.15%	<-Total Growth	5	Dividends		US$
Increase									340.00%	168.18%	-0.68%	0.80%	38.25%	27.66%	17.59%	0.00%		4	1	5	Years of data, Count P, N	80.00%	US$
Average Increases 5 Year Running								0.00%	68.00%	101.64%	101.50%	101.66%	109.31%	46.84%	16.72%	16.86%		101.57%	<-Median->	6	Average Incr 5 Year Running		US$
Dividends 5 Yr Running								$0.01	$0.03	$0.09	$0.14	$0.20	$0.28	$0.36	$0.43	$0.49		5506.48%	<-Total Growth	5	Dividends 5 Yr Running		US$
Yield H/L Price											4.77%	3.72%	2.17%	2.38%				3.72%	<-Median->	3	Yield H/L Price		US$
Yield on High  Price											4.56%	2.82%	1.43%	1.82%				2.82%	<-Median->	3	Yield on High  Price		US$
Yield on Low Price											5.01%	5.47%	4.49%	3.44%				5.01%	<-Median->	3	Yield on Low Price		US$
Yield on Close Price										4.59%	5.01%	3.08%	1.68%	2.85%	3.35%	3.35%		3.83%	<-Median->	4	Yield on Close Price		US$
Payout Ratio EPS								31.25%	36.67%	128.26%	69.76%	38.86%	33.47%	31.36%	27.45%	20.33%		37.76%	<-Median->	6	DPR EPS		US$
DPR EPS 5 Yr Running								#DIV/0!	#DIV/0!	#DIV/0!	70.19%	56.89%	47.84%	42.24%	33.85%	27.57%		#DIV/0!	<-Median->	3	DPR EPS 5 Yr Running		US$
Payout Ratio CFPS								-7.34%	-16.93%	-19.54%	-11.79%	-37.61%	-28.92%	-69.63%	#VALUE!	#DIV/0!		-18.23%	<-Median->	6	DPR CF		US$
DPR CF 5 Yr Running								-7.34%	-13.63%	-17.20%	-14.50%	-17.65%	-20.48%	#DIV/0!	#VALUE!	#DIV/0!		-15.85%	<-Median->	6	DPR CF 5 Yr Running		US$
Payout Ratio CFPS WC								1.73%	7.46%	16.26%	6.89%	5.20%	5.78%	-69.63%	#VALUE!	#DIV/0!		6.33%	<-Median->	6	DPR CF WC		US$
DPR CF WC 5 Yr Running								#DIV/0!	#DIV/0!	#DIV/0!	8.04%	6.94%	6.91%	10.04%	#VALUE!	#DIV/0!		#DIV/0!	<-Median->	3	DPR CF WC 5 Yr Running		US$
Median Values	10 Yr Med	10 Yr Cl	3.72%	3.83%	5 Yr Med	5 Yr Cl	3.72%	3.83%	5 Yr Med	Payout	38.86%	-19.54%	6.89%					74.83%	<-IRR #YR->	5	Dividends	1533.15%	US$
* Dividends per share	10 Yr Med	and Cur.	-10.08%	-12.57%	5 Yr Med	and Cur.	-10.08%	-12.57%	Last Div Inc --->		$0.850	$1.000	17.65%					74.83%	<-IRR #YR->	5	Dividends	#DIV/0!	US$
Dividends Growth 5								-$0.03	$0.00	$0.00	$0.00	$0.00	$0.41								Dividends Growth 5
Dividends Growth 10								-$0.03	$0.00	$0.00	$0.00	$0.00	$0.41								Dividends Growth 10
Historical Dividends	Historical	High Div	5.19%	Low Div	2.27%	10 Yr High	5.19%	10 Yr Low	2.27%	Med Div	3.72%	Close Div	3.83%								Historical Dividends		US$
High/Ave/Median Values	Curr diff	Exp.	-35.47%	Cheap	47.54%	Exp.	-35.47%		47.54%	Exp.	-9.97%	Exp.	-12.57%								High/Ave/Median		US$
Future Dividend Yield					Div Yield	$0.55	earning in	5	Years	at IRR of	74.83%	Div Inc.	1533.15%								Future Dividend Yield		US$
Future Dividend Yield					Div Yield	893.30%	earning in	10	Years	at IRR of	74.83%	Div Inc.	26571.69%								Future Dividend Yield		US$
Future Dividend Yield					Div Yield	14588.98%	earning in	15	Years	at IRR of	74.83%	Div Inc.	435487.79%								Future Dividend Yield		US$
Future Dividend Paid					Div Paid	$10.01	earning in	5	Years	at IRR of	74.83%	Div Inc.	1533.15%								Future Dividend Paid		US$
Future Dividend Paid					Div Paid	$163.47	earning in	10	Years	at IRR of	74.83%	Div Inc.	26571.69%								Future Dividend Paid		US$
Future Dividend Paid					Div Paid	$2,669.78	earning in	15	Years	at IRR of	74.83%	Div Inc.	435487.79%								Future Dividend Paid		US$
Dividend Covering Cost					Total Div	$12.56	over	5	Years	at IRR of	74.83%	Div Cov.	68.63%								Dividend Covering Cost		US$
Dividend Covering Cost					Total Div	$207.65	over	10	Years	at IRR of	74.83%	Div Cov.	1134.67%	0.21							Dividend Covering Cost		US$
Dividend Covering Cost					Total Div	$3,393.70	over	15	Years	at IRR of	74.83%	Div Cov.	18544.83%								Dividend Covering Cost		US$
Dividend* CDN$														$0.88	$1.11	$1.34			Estimates		Dividend*		CDN$
Increase														62.56%	26.70%	20.83%			Estimates		Increase		CDN$
Payout Ratio EPS														38.54%	36.34%	32.52%			Estimates		Payout Ratio EPS		CDN$
Special Dividends								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	6	Special Dividends		CDN$
Dividend* Paid in CDN$								$0.03	$0.14	$0.37	$0.38	$0.400	$0.54	$0.75	$0.84	$0.84		1563.07%	<-Total Growth	5	Dividends		CDN$
Increase								0.00%	331.33%	167.04%	1.60%	5.26%	35.00%	38.89%	12.00%	0.00%		5	0	5	Years of data, Count P, N	100.00%	CDN$
Average Increases 5 Year Running								0.00%	66.27%	99.67%	100.00%	101.05%	108.05%	49.56%	18.55%	18.23%		99.83%	<-Median->	6	Average Incr 5 Year Running		CDN$
Dividends 5 Yr Running								$0.01	$0.03	$0.11	$0.19	$0.27	$0.37	$0.49	$0.58	$0.67		5548.45%	<-Total Growth	5	Dividends 5 Yr Running		CDN$
Yield H/L Price										3.04%	3.92%	4.04%	2.07%	2.41%				3.48%	<-Median->	4	Yield H/L Price		CDN$
Yield on High  Price										2.61%	2.89%	2.99%	1.36%	1.78%				2.75%	<-Median->	4	Yield on High  Price		CDN$
Yield on Low Price										3.65%	6.13%	6.22%	4.34%	3.74%				5.23%	<-Median->	4	Yield on Low Price		CDN$
Yield on Close Price									1.35%	2.77%	5.10%	3.08%	1.47%	2.97%	3.33%	3.33%		2.77%	<-Median->	5	Yield on Close Price		CDN$
Payout Ratio EPS								31.25%	36.67%	128.26%	66.80%	39.79%	30.76%	32.93%	27.45%	20.33%		38.23%	<-Median->	6	DPR EPS		CDN$
DPR EPS 5 Yr Running											68.82%	56.41%	45.82%	41.43%	33.57%	27.55%		56.41%	<-Median->	3	DPR EPS 5 Yr Running		CDN$
Payout Ratio CFPS								-7.34%	-16.93%	-19.54%	-11.29%	-38.52%	-26.58%	-73.10%	#VALUE!	#DIV/0!		-18.23%	<-Median->	6	DPR CF		CDN$
DPR CF 5 Yr Running											-14.14%	-17.48%	-19.98%	-26.06%	#VALUE!	#DIV/0!		-17.48%	<-Median->	3	DPR CF 5 Yr Running		CDN$
Payout Ratio CFPS WC								1.73%	7.46%	16.26%	6.60%	5.33%	5.31%	-73.10%	#VALUE!	#DIV/0!		5.96%	<-Median->	6	DPR CF WC		CDN$
DPR CF WC 5 Yr Running								#DIV/0!	#DIV/0!	#DIV/0!	7.84%	6.86%	6.64%	9.89%	#VALUE!	#DIV/0!		#DIV/0!	<-Median->	3	DPR CF WC 5 Yr Running		CDN$
Median Values	10 Yr Med	10 Yr Cl	3.48%	2.77%	5 Yr Med	5 Yr Cl	3.48%	2.77%	5 Yr Med	Payout	39.79%	-19.54%	6.60%					75.46%	<-IRR #YR->	5	Dividends	1563.07%	CDN$
* Dividends per share	10 Yr Med	and Cur.	-4.42%	20.13%	5 Yr Med	and Cur.	-4.42%	20.13%	Last Div Inc --->		$0.165	$0.180	9.09%					75.46%	<-IRR #YR->	5	Dividends	#DIV/0!	CDN$
Dividends Growth 5								-$0.03	$0.00	$0.00	$0.00	$0.00	$0.54								Dividends Growth 5
Dividends Growth 10								-$0.03	$0.00	$0.00	$0.00	$0.00	$0.54								Dividends Growth 10
Historical Dividends	Historical	High Div	6.13%	Low Div	2.61%	10 Yr High	6.13%	10 Yr Low	2.61%	Med Div	3.48%	Close Div	2.77%								Historical Dividends		CDN$
High/Ave/Median Values	Curr diff	Exp.	-45.71%	Cheap	27.51%	Exp.	-45.71%		27.51%	Exp.	-4.37%	Cheap	20.13%								High/Ave/Median		CDN$
Future Dividend Yield					Div Yield	55.35%	earning in	5	Years	at IRR of	75.46%	Div Inc.	1563.07%								Future Dividend Yield		CDN$
Future Dividend Yield					Div Yield	920.48%	earning in	10	Years	at IRR of	75.46%	Div Inc.	27558.14%								Future Dividend Yield		CDN$
Future Dividend Yield					Div Yield	15308.21%	earning in	15	Years	at IRR of	75.46%	Div Inc.	459875.20%								Future Dividend Yield		CDN$
Future Dividend Paid					Div Paid	$13.97	earning in	5	Years	at IRR of	75.46%	Div Inc.	1563.07%								Future Dividend Paid		CDN$
Future Dividend Paid					Div Paid	$232.33	earning in	10	Years	at IRR of	75.46%	Div Inc.	27558.14%								Future Dividend Paid		CDN$
Future Dividend Paid					Div Paid	$3,863.79	earning in	15	Years	at IRR of	75.46%	Div Inc.	459875.20%								Future Dividend Paid		CDN$
Dividend Covering Cost					Total Div	$17.40	over	5	Years	at IRR of	75.46%	Div Cov.	68.94%								Dividend Covering Cost		CDN$
Dividend Covering Cost					Total Div	$292.79	over	10	Years	at IRR of	75.46%	Div Cov.	1160.04%								Dividend Covering Cost		CDN$
Dividend Covering Cost					Total Div	$4,872.79	over	15	Years	at IRR of	75.46%	Div Cov.	19305.83%								Dividend Covering Cost		CDN$
Yield if held 5 years															6.83%	8.67%		#NUM!	<-Median->	0	Paid Median Price		CDN$
Yield if held 10 years															#DIV/0!	#DIV/0!		#NUM!	<-Median->	0	Paid Median Price		CDN$
Cost covered if held 5 years															23.66%	34.80%		#NUM!	<-Median->	0	Paid Median Price		CDN$
Cost covered if held 10 years															#DIV/0!	#DIV/0!		#NUM!	<-Median->	0	Paid Median Price		CDN$
																				Yr	Item	Tot. Growth	Per Year
Revenue Growth US$								$68.0	$73.5	$129.6	$226.9	$316.5	$449.7	$563	<-12 mths	25.24%		561.66%	<-Total Growth	5	Revenue Growth US$	561.66%	60.38%
AEPS Growth								$0.08	$0.38	$0.46	$0.57	$0.98	$1.64	$76.04	<-12 mths	4536.71%		1950.00%	<-Total Growth	5	AEPS Growth	1950.00%	112.78%
Net Income Growth								$2.6	$9.3	$8.3	$20.5	$36.7	$66.7	$89	<-12 mths	33.89%		2475.55%	<-Total Growth	5	Net Income Growth	2475.55%	125.28%
Cash Flow Growth								-$8.0	-$15.4	-$51.8	-$85.3	-$27.0	-$54.8	-$29	<-12 mths	46.28%		-585.46%	<-Total Growth	5	Cash Flow Growth	-585.46%	N/C
Cash Flow Growth Excl. WC								$34.0	$35.0	$62.3	$146.0	$194.9	$274.3	$356	<-12 mths	29.68%		706.89%	<-Total Growth	5	Cash Flow Growth Excl. WC	706.89%	68.54%
Dividend Growth								$0.03	$0.11	$0.30	$0.29	$0.30	$0.41	$0.52	<-12 mths	27.66%		1533.15%	<-Total Growth	5	Dividend Growth	1533.15%	101.03%
Stock Price Growth										$6.43	$5.85	$9.60	$24.25	$18.30	<-12 mths	-24.54%		276.95%	<-Total Growth	3	Stock Price Growth	<-Total Growth	#VALUE!
Revenue Growth US$								$68.0	$73.5	$129.6	$226.9	$316.5	$449.7	$596	<-this year	32.41%		561.66%	<-Total Growth	5	Revenue Growth US$	561.66%	60.38%
AEPS Growth								$0.08	$0.38	$0.46	$0.57	$0.98	$1.64	$1.81	<-this year	10.37%		1950.00%	<-Total Growth	5	AEPS Growth	1950.00%	112.78%
Net Income Growth								$2.6	$9.3	$8.3	$20.5	$36.7	$66.7	$97	<-this year	45.02%		2475.55%	<-Total Growth	5	Net Income Growth	2475.55%	125.28%
Cash Flow Growth								-$8.0	-$15.4	-$51.8	-$85.3	-$27.0	-$54.8	-$29	<-this year	46.28%		-585.46%	<-Total Growth	5	Cash Flow Growth	-585.46%	N/C
Cash Flow Growth Excl. WC								$34.0	$35.0	$62.3	$146.0	$194.9	$274.3					706.89%	<-Total Growth	5	Cash Flow Growth Excl. WC	706.89%	68.54%
Dividend Growth								$0.03	$0.11	$0.30	$0.29	$0.30	$0.41	$0.64	<-this year	56.88%		1533.15%	<-Total Growth	5	Dividend Growth	1533.15%	101.03%
Stock Price Growth										$6.43	$5.85	$9.60	$24.25	$18.30	<-this year	-24.54%		276.95%	<-Total Growth	3	Stock Price Growth	276.95%	94.15%
																				Yr	Item	Tot. Growth	Per Year
Revenue Growth CDN$								$88.3	$93.5	$164.4	$307.2	$418.6	$647.1	$772	<-12 mths	19.29%		633.03%	<-Total Growth	5	Revenue Growth CDN$	633.03%	64.54%
AEPS Growth								$0.10	$0.48	$0.58	$0.77	$1.30	$2.36	$2.34	<-12 mths	-0.69%		2171.13%	<-Total Growth	5	AEPS Growth	2171.13%	118.30%
Net Income Growth								$2.6	$9.3	$8.3	$20.5	$36.7	$66.7	$89	<-12 mths	33.89%		2475.55%	<-Total Growth	5	Net Income Growth	2475.55%	125.28%
Cash Flow Growth								-$10.4	-$19.6	-$65.7	-$115.6	-$35.6	-$78.9	-$40	<-12 mths	48.83%		-659.40%	<-Total Growth	5	Cash Flow Growth	-659.40%	N/C
Cash Flow Growth Excl. WC								$44.2	$44.6	$79.0	$197.7	$257.7	$394.7	-$40	<-12 mths	-110.23%		793.92%	<-Total Growth	5	Cash Flow Growth Excl. WC	793.92%	72.91%
Dividend Growth								$0.03	$0.14	$0.37	$0.38	$0.40	$0.54	$0.75	<-12 mths	38.89%		1563.07%	<-Total Growth	5	Dividend Growth	1563.07%	101.94%
Stock Price Growth									$10.34	$13.50	$7.45	$12.97	$36.79	$42.75	<-12 mths	16.20%		255.80%	<-Total Growth	4	Stock Price Growth	<-Total Growth	#VALUE!
Revenue Growth CDN$								$88.3	$93.5	$164.4	$307.2	$418.6	$647.1	$816	<-this year	26.12%		633.03%	<-Total Growth	5	Revenue Growth CDN$	633.03%	64.54%
AEPS Growth								$0.10	$0.48	$0.58	$0.77	$1.30	$2.36	$2.48	<-this year	5.12%		2171.13%	<-Total Growth	5	AEPS Growth	2171.13%	118.30%
Net Income Growth								$2.6	$9.3	$8.3	$20.5	$36.7	$66.7	$97	<-this year	45.02%		2475.55%	<-Total Growth	5	Net Income Growth	2475.55%	125.28%
Cash Flow Growth								-$10.4	-$19.6	-$65.7	-$115.6	-$35.6	-$78.9	-$40	<-this year	48.83%		-659.40%	<-Total Growth	5	Cash Flow Growth	-659.40%	N/C
Cash Flow Growth Excl. WC								$44.2	$44.6	$79.0	$197.7	$257.7	$394.7					793.92%	<-Total Growth	5	Cash Flow Growth Excl. WC	793.92%	72.91%
Dividend Growth								$0.03	$0.14	$0.37	$0.38	$0.40	$0.54	$0.88	<-this year	62.56%		1563.07%	<-Total Growth	5	Dividend Growth	1563.07%	101.94%
Stock Price Growth									$10.34	$13.50	$7.45	$12.97	$36.79	$42.75	<-this year	16.20%		255.80%	<-Total Growth	4	Stock Price Growth	255.80%	52.66%
Dividends on Shares										$36.17	$36.75	$38.68	$52.22	$72.53	$81.24	$81.24		$163.83	No of Years	4	Total Divs	12/31/12
Paid									$1,000.00	$1,305.61	$720.50	$1,254.35	$3,558.03	$2,441.01	$2,441.01	$2,441.01		$3,558.03	No of Years	4	Worth	$10.34	96.71
Total																		$3,721.86
Graham Number CDN$ AEPS									$2.02	$6.03	$7.98	$10.37	$21.62	$22.49	$26.22	$30.64		969.94%	<-Total Growth	4	Graham Number AEPS		CDN$
Increase										198.38%	32.29%	29.99%	108.52%	4.01%	16.58%	16.87%		70.41%	<-Median->	4	Graham Price		CDN$
Price/GP Ratio Med										2.04	1.21	0.95	1.21	1.39				1.21	<-Median->	4	Price/GP Ratio Med		CDN$
Price/GP Ratio High										2.38	1.65	1.29	1.84	1.88				1.74	<-Median->	4	Price/GP Ratio High		CDN$
Price/GP Ratio Low										1.70	0.78	0.62	0.58	0.89				0.70	<-Median->	4	Price/GP Ratio Low		CDN$
Price/GP Ratio Close									5.12	2.24	0.93	1.25	1.70	1.12	0.96	0.82		1.70	<-Median->	5	Price/GP Ratio Close		CDN$
Prem/Disc Close									411.68%	123.90%	-6.60%	25.09%	70.16%	12.24%	-3.72%	-17.62%		70.16%	<-Median->	5	Graham Price		CDN$
Graham Number CDN$ EPS									$1.80	$4.26	$6.85	$9.13	$18.65	$21.55	$24.98	$29.02		938.60%	<-Total Growth	4	Graham Number EPS		CDN$
Increase										137.45%	60.60%	33.36%	104.23%	15.55%	15.91%	16.20%		82.41%	<-Median->	4	Graham Price		CDN$
Price/GP Ratio Med										2.88	1.41	1.08	1.40	1.45				1.41	<-Median->	4	Price/GP Ratio Med		CDN$
Price/GP Ratio High										3.37	1.92	1.46	2.13	1.96				2.03	<-Median->	4	Price/GP Ratio High		CDN$
Price/GP Ratio Low										2.40	0.91	0.70	0.67	0.93				0.80	<-Median->	4	Price/GP Ratio Low		CDN$
Price/GP Ratio Close									5.76	3.17	1.09	1.42	1.97	1.17	1.01	0.87		1.97	<-Median->	5	Price/GP Ratio Close		CDN$
Prem/Disc Close									475.88%	216.64%	8.81%	42.04%	97.28%	17.13%	1.05%	-13.04%		97.28%	<-Median->	5	Graham Price		CDN$
Month, Year CDN$	Dec-12	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27		3.00	<Count Years>		Month, Year		CDN$
Price Close									$10.34	$13.50	$7.45	$12.97	$36.79	$25.24	$25.24	$25.24		255.80%	<-Total Growth	4	Stock Price		CDN$
Increase										30.56%	-44.81%	74.09%	183.65%	-31.39%	0.00%	0.00%		19.73	<-Median->	4	CAPE (10 Yr P/E)		CDN$
P/E Ratio									27.07	46.30	13.10	12.90	20.96	11.08	8.25	6.11		37.34%	<-IRR #YR->	4	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio									99.51	35.34	25.55	22.80	36.60	14.38	11.08	8.25		37.34%	<-IRR #YR->	4	Stock Price	#DIV/0!	CDN$
CAPE (10 Yr P/E)													19.73	16.65	13.93	11.55		39.94%	<-IRR #YR->	4	Price & Dividend	#DIV/0!	CDN$
Median 10, 5 Yrs		D.  per yr	2.60%	2.60%	% Tot Ret	6.52%	6.52%	T P/E	$35.34	$35.34	P/E:	$20.96	$20.96					39.94%	<-IRR #YR->	4	Price & Dividend	#DIV/0!	CDN$
Price  5									-$10.34	$0.00	$0.00	$0.00	$36.79								Price  5
Price 10									-$10.34	$0.00	$0.00	$0.00	$36.79								Price 10
Price & Dividend 5									-$10.34	$0.37	$0.38	$0.40	$37.33								Price & Dividend 5
Price & Dividend 10									-$10.34	$0.37	$0.38	$0.40	$37.33								Price & Dividend 10
Price H/L Median CDN$										$12.30	$9.69	$9.90	$26.10	$31.15				112.15%	<-Total Growth	3	Stock Price		CDN$
Increase											-21.26%	2.22%	163.59%	19.37%				28.49%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
P/E Ratio										42.18	17.03	9.85	14.87	13.68				28.49%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio										32.20	33.21	17.40	25.96	17.74				31.26%	<-IRR #YR->	3	Price & Dividend	#DIV/0!	CDN$
P/E on Running 5 yr Average														26.40				31.26%	<-IRR #YR->	3	Price & Dividend	#DIV/0!	CDN$
P/E on Running 10 yr Average														48.79				15.95	P/E Ratio		Historical Median		CDN$
Median 10, 5 Yrs		D.  per yr	2.76%	2.76%	% Tot Ret	8.84%	8.84%	T P/E	29.08	29.08	P/E:	15.95	15.95						Count	3	Years of data		CDN$
										-$12.30	$0.00	$0.00	$26.10
										-$12.30	$0.00	$0.00	$26.10
										-$12.30	$0.38	$0.40	$26.64
										-$12.30	$0.38	$0.40	$26.64
High Months CDN$										Nov	Jan	Dec	Nov	Jan
Price High										$14.35	$13.17	$13.37	$39.74	$42.23				176.93%	<-Total Growth	3	Stock Price		CDN$
Increase										#DIV/0!	-8.22%	1.52%	197.23%	6.27%				40.43%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
P/E Ratio										49.21	23.15	13.30	22.64	18.54				40.43%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio										37.57	45.17	23.50	39.54	24.06				22.90	P/E Ratio		Historical Median		CDN$
Median 10, 5 Yrs								T P/E	38.55	38.55	P/E:	22.90	22.90					49.21	P/E Ratio		Historical High		CDN$
										-$14.35	$0.00	$0.00	$39.74
										-$14.35	$0.00	$0.00	$39.74
Low Months CDN$										Oct	Jul	Apr	Jan	Nov
Price Low										$10.25	$6.20	$6.43	$12.45	$20.07				21.46%	<-Total Growth	3	Stock Price		CDN$
Increase											-39.51%	3.71%	93.62%	61.20%				6.70%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
P/E Ratio										35.15	10.90	6.40	7.09	8.81				6.70%	<-IRR #YR->	3	Stock Price	#DIV/0!	CDN$
Trailing P/E Ratio										26.84	21.26	11.30	12.39	11.43				9.00	P/E Ratio		Historical Median		CDN$
Median 10, 5 Yrs								T P/E	16.82	16.82	P/E:	9.00	9.00					6.40	P/E Ratio		Historical Low		CDN$
										-$10.25	$0.00	$0.00	$12.45
										-$10.25	$0.00	$0.00	$12.45
Value using exchange rate									$8.12	$10.65	$5.50	$9.81	$25.57	$18.42	$18.42	$18.42
Month, Year US$	Dec-12	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27		3.00	<Count Years>		Month, Year		US$
Price Close										$6.43	$5.85	$9.60	$24.25	$18.30	$18.30	$18.30		276.95%	<-Total Growth	3	Stock Price		US$
Increase											-9.07%	64.10%	152.60%	-24.54%	0.00%	26.08%		12.08	<-Median->	3	CAPE (10 Yr P/E)		US$
P/E Ratio										27.97	13.93	12.63	19.88	11.01	8.20	6.07		55.63%	<-IRR #YR->	3	Stock Price	#DIV/0!	US$
Trailing P/E Ratio										21.44	25.43	22.86	31.91	15.00	11.01	8.20		55.63%	<-IRR #YR->	3	Stock Price	#DIV/0!	US$
CAPE (10 Yr P/E)										10.55	11.93	12.23	15.33	13.79	11.98	10.18		59.02%	<-IRR #YR->	3	Price & Dividend	#REF!	US$
Median 10, 5 Yrs		D.  per yr	3.39%	3.39%	% Tot Ret	5.74%	5.74%	T P/E	$24.15	$24.15	P/E:	$16.90	$16.90					59.02%	<-IRR #YR->	3	Price & Dividend	#REF!	US$
Price  5										-$6.43	$0.00	$0.00	$24.25								Price  5
Price 10										-$6.43	$0.00	$0.00	$24.25								Price 10
Price & Dividend 5										-$6.43	$0.29	$0.30	$24.66								Price & Dividend 5
Price & Dividend 10										-$6.43	$0.29	$0.30	$24.66								Price & Dividend 10
Price H/L Median US$											$6.14	$7.93	$18.80	$21.92				206.19%	<-Total Growth	2	Stock Price		US$
Increase												29.13%	137.11%	16.57%				74.98%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
P/E Ratio											14.62	10.43	15.41	13.19				74.98%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
Trailing P/E Ratio											26.70	18.88	24.74	17.96				76.35%	<-IRR #YR->	2	Price & Dividend	#REF!	US$
P/E on Running 5 yr Average											29.81	22.15	32.08	25.53				76.35%	<-IRR #YR->	2	Price & Dividend	#REF!	US$
P/E on Running 10 yr Average											59.61	44.29	62.46	46.91				14.62	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs	D.  per yr	#REF!	#REF!	% Tot Ret	#REF!	#REF!	T P/E	22.79	22.79	P/E:	12.53	12.53							Count	2	Years of data		US$
											-$6.14	$0.00	$18.80
											-$6.14	$0.00	$18.80
											-$6.14	$0.00	$19.10
											-$6.14	$0.00	$19.10
High Months US$											Nov	Dec	Nov	Jul
Price High											$6.43	$10.46	$28.50	$28.67				343.23%	<-Total Growth	2	Stock Price		US$
Increase												62.64%	172.53%	0.60%				110.53%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
P/E Ratio											15.31	13.76	23.36	17.25				110.53%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
Trailing P/E Ratio											27.96	24.90	37.50	23.50				15.31	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs								T P/E	27.96	27.96	P/E:	15.31	15.31					#NUM!	P/E Ratio		Historical High		US$
											-$6.43	$0.00	$28.50
											-$6.43	$0.00	$28.50
Low Months US$											Dec	Jun	Jan	Apr
Price Low											$5.85	$5.40	$9.10	$15.16				55.56%	<-Total Growth	2	Stock Price		US$
Increase												-7.69%	68.52%	66.59%				24.72%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
P/E Ratio											13.93	7.11	7.46	9.12				24.72%	<-IRR #YR->	2	Stock Price	#DIV/0!	US$
Trailing P/E Ratio											25.43	12.86	11.97	12.43				7.46	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs								T P/E	12.86	12.86	P/E:	7.46	7.46					#NUM!	P/E Ratio		Historical Low		US$
											-$5.85	$0.00	$9.10
											-$5.85	$0.00	$9.10
													-$53	<-12 mths	-73.58%
Free Cash Flow Mkt Scneener US$								-$9.52	-$14.19	-$49.56	-$90.14	-$26.47									Free Cash Flow Mlt ScneenerUS$
Change									-49.12%	-249.26%	-81.88%	70.63%									Change
Free Cash Flow WSJ US$									$10.4	-$43.0	$76.1	-$20.8	-$39.9					-482.58%	<-Total Growth	4	Free Cash Flow WSJ US$
Change										-512.46%	276.81%	-127.33%	-91.95%					-109.64%	<-Median->	4	Change
Free Cash Flow WSJ CDN$									$13.3	-$54.6	$103.1	-$27.5	-$57.4					-532.37%	<-Total Growth	4	Free Cash Flow WSJ CDN$
Change										-510.71%	288.89%	-126.69%	-108.83%					-117.76%	<-Median->	4	Change
Free Cash Flow MS US$							-$4.60	-$10.52	-$14.52	-$43.21	-$70.44	-$30.44	-$40.08	$0.00	$0.00			-771.30%	<-Total Growth	6	Free Cash Flow		US$
Change								-128.70%	-38.02%	-197.59%	-63.02%	56.79%	-31.67%	100.00%	#DIV/0!			30.67%	<-IRR #YR->	5	Free Cash Flow MS	-280.99%	US$
FCF/CF from Op Ratio								1.32	0.94	0.83	0.83	1.13	0.73	0.00	#VALUE!			43.45%	<-IRR #YR->	6	Free Cash Flow MS	#DIV/0!	US$
Dividends paid								$0.59	$2.67	$8.07	$10.06	$10.13	$13.99	$20.51	$24.12			2281.83%	<-Total Growth	5	Dividends paid		US$
Percentage paid								-5.58%	-18.36%	-18.68%	-14.27%	-33.29%	-34.89%	#DIV/0!	#DIV/0!			-18.52%	<-Median->	6	Percentage paid		US$
5 Year Coverage										-15.55%	-14.92%	-18.63%	-22.60%	-34.08%	-55.91%						5 Year Coverage		US$
Dividend Coverage Ratio							0.00	-17.92	-5.45	-5.35	-7.01	-3.00	-2.87	0.00	0.00			-5.35	<-Median->	7	Dividend Coverage Ratio		US$
5 Year of Coverage										-6.43	-6.70	-5.37	-4.42	-2.93	-1.79						5 Year of Caogerage		US$
								$11	$0	$0	$0	$0	-$40
							$5	$0	$0	$0	$0	$0	-$40
													-$72	<-12 mths	-77.75%
Free Cash Flow CDN$							-$6.3	-$13.7	-$18.5	-$54.8	-$95.4	-$40.3	-$57.7	$0.0	$0.0			-819.01%	<-Total Growth	6	Free Cash Flow		CDN$
Change								-117.73%	-35.30%	-196.33%	-74.15%	57.80%	-43.25%	100.00%	#DIV/0!			33.38%	<-IRR #YR->	5	Free Cash Flow MS	-322.09%	CDN$
FCF/CF from Op Ratio								1.32	0.94	0.83	0.83	1.13	0.73	0.00	#VALUE!			44.73%	<-IRR #YR->	6	Free Cash Flow MS	#DIV/0!	CDN$
Dividends paid								$0.76	$3.39	$10.24	$13.62	$13.40	$20.12	$28.11	$33.06			2538.75%	<-Total Growth	5	Dividends paid		CDN$
Percentage paid								-5.58%	-18.36%	-18.68%	-14.27%	-33.29%	-34.89%	#DIV/0!	#DIV/0!			-$0.19	<-Median->	6	Percentage paid		CDN$
5 Year Coverage										-15.44%	-14.85%	-18.61%	-22.80%	-34.46%	-56.02%						5 Year Coverage		CDN$
Dividend Coverage Ratio								-17.92	-5.45	-5.35	-7.01	-3.00	-2.87	0.00	0.00			-5.40	<-Median->	6	Dividend Coverage Ratio		CDN$
5 Year of Coverage										-6.48	-6.73	-5.37	-4.39	-2.90	-1.78						5 Year of Caogerage		CDN$
								$14	$0	$0	$0	$0	-$58
							$6	$0	$0	$0	$0	$0	-$58
Market Cap in $M US$										$220.8	$200.8	$329.5	$941.9	$720.2	$720.2	$720.2		326.55%	<-Total Growth	3	Market Cap	#DIV/0!	US$
Market Cap in $M CDN$									$245.5	$463.4	$255.7	$445.2	$1,429.0	$993.3	$993.3	$993.3		482.09%	<-Total Growth	4	Market Cap	#DIV/0!	CDN$
Diluted # of Shares in Million								23.487	24.22	28.11	35.70	36.84	37.96	37.18				61.64%	<-Total Growth	5	Diluted
Change									3.13%	16.05%	27.02%	3.19%	3.05%	-2.05%				10.08%	<-IRR #YR->	5	Diluted
Difference Diluted/Basic								0.00%	-2.73%	-2.31%	-3.86%	-6.83%	-7.54%	-7.59%				10.08%	<-IRR #YR->	5	Diluted
Change in Diluted Shares per Year
								-23.5	0.0	0.0	0.0	0.0	38.0
								-23.5	0.0	0.0	0.0	0.0	38.0
Basic # of Shares in Millions								23.487	23.561	27.460	34.325	34.326	35.103	34.362				49.46%	<-Total Growth	5	Basic
Change									0.32%	16.55%	25.00%	0.00%	2.26%	-2.11%				2.26%	<-Median->	5	Change
Difference								0.00%	0.77%	25.00%	0.00%	0.00%	10.65%	14.53%				0.38%	<-Median->	6	Difference
														-$29	<-12 mths	46.28%
# of Share in Millions								23.487	23.742	34.325	34.325	34.327	38.842	39.354	39.354	39.354		10.58%	<-IRR #YR->	5	Shares	#DIV/0!
Change									1.09%	44.58%	0.00%	0.00%	13.15%	1.32%	0.00%	0.00%		10.58%	<-IRR #YR->	5	Shares	65.38%
Cash Flow from Operations $M US$								-$8.0	-$15.4	-$51.8	-$85.3	-$26.95	-$54.84	-$29.5	<-12 mths			49.46%	<-Total Growth	5	Cash Flow		US$
Increase									-92.78%	-236.09%	-64.61%	68.41%	-103.45%	46.28%	<-12 mths			Share Iss	SO, Buybacks		Cl B Shares Conv.		US$
5 year Running Average											-$32.1	-$37.5	-$46.9	$0.0	<-12 mths			-45.95%	<-Total Growth	2	CF 5 Yr Running		US$
CFPS								-$0.34	-$0.65	-$1.51	-$2.49	-$0.79	-$1.41	-$0.75	<-12 mths			-314.48%	<-Total Growth	5	Cash Flow per Share		US$
Increase									-90.71%	-132.46%	-64.61%	68.41%	-79.80%	-$23.3	<-12 mths			46.96%	<-IRR #YR->	5	Cash Flow	#DIV/0!	US$
5 year Running Average								-$0.07	-$0.20	-$0.50	-$1.00	-$1.15	-$1.37	$0.00	<-12 mths			46.96%	<-IRR #YR->	5	Cash Flow	-585.46%	US$
P/CF on Med Price											-2.47	-10.10	-13.32	-29.27	<-12 mths			32.89%	<-IRR #YR->	5	Cash Flow per Share	#DIV/0!	US$
P/CF on Closing Price										-4.26	-2.35	-12.23	-17.18	-24.45	<-12 mths			32.89%	<-IRR #YR->	5	Cash Flow per Share	-314.48%	US$
															-142.10%	Diff M/C		-9.84%	<-IRR #YR->	1	CFPS 5 yr Running	#DIV/0!	US$
														$355.77	<-12 mths	29.68%							US$
Excl.Working Capital CF US$								$42.00	$50.43	$114.11	$231.31	$221.83	$329.18	$0.00	<-12 mths			18.56%	<-IRR #YR->	1	CFPS 5 yr Running	-1908.78%	US$
Cash Flow from Operations $M WC								$34.00	$35.01	$62.28	$145.99	$194.87	$274.34	-$29.46	<-12 mths			706.89%	<-Total Growth	5	Cash Flow less WC		US$
Increase									2.97%	77.90%	134.40%	33.49%	40.78%	-110.74%	<-12 mths			51.83%	<-IRR #YR->	5	Cash Flow less WC	#DIV/0!	US$
5 year Running Average											$55.5	$94.4	$142.5	$129.6	<-12 mths			51.83%	<-IRR #YR->	5	Cash Flow less WC	706.89%	US$
CFPS Excl. WC								$1.45	$1.47	$1.81	$4.25	$5.68	$7.06	-$0.75	<-12 mths			50.90%	<-IRR #YR->	1	CF less WC 5 Yr Run	#DIV/0!	US$
Increase									1.86%	23.05%	134.40%	33.48%	24.41%	-110.60%	<-12 mths			50.90%	<-IRR #YR->	1	CF less WC 5 Yr Run	#DIV/0!	US$
5 year Running Average											$1.80	$2.93	$4.06	$3.61	<-12 mths			37.30%	<-IRR #YR->	5	CFPS - Less WC	#DIV/0!	US$
P/CF on Median Price											1.44	1.40	2.66	-29.27	<-12 mths			37.30%	<-IRR #YR->	5	CFPS - Less WC	387.90%	US$
P/CF on Closing Price										3.55	1.38	1.69	3.43	-24.45	<-12 mths			38.29%	<-IRR #YR->	5	CFPS 5 yr Running	#DIV/0!	US$
*Operational Cash Flow.			CF/-WC	P/CF Med	10 yr	-10.10	5 yr	-10.10	P/CF Med	10 yr	1.44	5 yr	1.44		-1793.31%	Diff M/C		38.29%	<-IRR #YR->	1	CFPS 5 yr Running	#DIV/0!	US$
														-$40.4	<-12 mths	48.83%
Cash Flow from Operations $M CDN$								-$10.39	-$19.64	-$65.71	-$115.56	-$35.65	-$78.91	-$40.4	<-12 mths			-659.40%	<-Total Growth	5	Cash Flow		CDN$
Increase									-88.98%	-234.66%	-75.85%	69.15%	-121.34%	48.83%	<-12 mths			Share Iss	SO, Buybacks		Cl B Shares Conv.		CDN$
5 year Running Average											-$42.3	-$49.4	-$63.1	-$67.2	<-12 mths			-49.30%	<-Total Growth	2	CF 5 Yr Running		CDN$
CFPS								-$0.44	-$0.83	-$1.91	-$3.37	-$1.04	-$2.03	-$1.03	<-12 mths			-359.19%	<-Total Growth	5	Cash Flow per Share		CDN$
Increase									-86.95%	-131.48%	-75.85%	69.15%	-95.61%	49.50%	<-12 mths			50.00%	<-IRR #YR->	5	Cash Flow	#DIV/0!	CDN$
5 year Running Average											-$1.31	-$1.52	-$1.84	-$1.88	<-12 mths			50.00%	<-IRR #YR->	5	Cash Flow	-659.40%	CDN$
P/CF on Med Price										-6.42	-2.88	-9.53	-12.85	-30.36	<-12 mths			35.64%	<-IRR #YR->	5	Cash Flow per Share	#DIV/0!	CDN$
P/CF on Closing Price									-12.50	-7.05	-2.21	-12.49	-18.11	-24.60	<-12 mths			35.64%	<-IRR #YR->	5	Cash Flow per Share	-359.19%	CDN$
															-208.34%	Diff M/C		20.94%	<-IRR #YR->	1	CFPS 5 yr Running	#DIV/0!	CDN$
														$487.59	<-12 mths	23.52%							CDN$
Excl.Working Capital CF CDN$								$54.55	$64.21	$144.67	$313.28	$293.39	$473.65	$0.00	<-12 mths			20.94%	<-IRR #YR->	1	CFPS 5 yr Running	#DIV/0!	CDN$
Cash Flow from Operations $M WC								$44.16	$44.57	$78.96	$197.72	$257.74	$394.75	-$40.38	<-12 mths			785.61%	<-Total Growth	5	Cash Flow less WC		CDN$
Increase									0.94%	77.14%	150.41%	30.35%	53.16%	-110.23%	<-12 mths			54.97%	<-IRR #YR->	5	Cash Flow less WC	#DIV/0!	CDN$
5 year Running Average											$73.1	$124.6	$194.7	$177.8	<-12 mths			54.97%	<-IRR #YR->	5	Cash Flow less WC	793.92%	CDN$
CFPS Excl. WC								$1.88	$1.88	$2.30	$5.76	$7.51	$10.16	-$1.03	<-12 mths			56.26%	<-IRR #YR->	1	CF less WC 5 Yr Run	#DIV/0!	CDN$
Increase									-0.15%	22.53%	150.41%	30.35%	35.35%	-110.09%	<-12 mths			56.26%	<-IRR #YR->	1	CF less WC 5 Yr Run	#DIV/0!	CDN$
5 year Running Average											$2.36	$3.87	$5.52	$4.94	<-12 mths			40.14%	<-IRR #YR->	5	CFPS - Less WC	#DIV/0!	CDN$
P/CF on Median Price										5.35	1.68	1.32	2.57	-30.36	<-12 mths			40.14%	<-IRR #YR->	5	CFPS - Less WC	440.53%	CDN$
P/CF on Closing Price									5.51	5.87	1.29	1.73	3.62	-24.60	<-12 mths			-8.42%	<-IRR #YR->	5	CFPS 5 yr Running	#DIV/0!	CDN$
*Operational Cash Flow.			CF/-WC	P/CF Med	10 yr	-7.98	5 yr	-7.98	P/CF Med	10 yr	2.12	5 yr	2.12		-1258.01%	Diff M/C		-8.42%	<-IRR #YR->	5	CFPS 5 yr Running	#DIV/0!	CDN$
								-23.5	0.0	0.0	0.0	0.0	38.8								Shares
								-23.5	0.0	0.0	0.0	0.0	38.8								Shares
								$8.0	$0.0	$0.0	$0.0	$0.0	-$54.84								Cash Flow		US$
								$8.0	$0.0	$0.0	$0.0	$0.0	-$54.84								Cash Flow		US$
								$0.34	$0.00	$0.00	$0.00	$0.00	-$1.41								Cash Flow per Share		US$
								$0.34	$0.00	$0.00	$0.00	$0.00	-$1.41								Cash Flow per Share		US$
												$1.52	-$1.37								CFPS 5 yr Running		US$
												$1.15	-$1.37								CFPS 5 yr Running		US$
								-$34.0	$0.0	$0.0	$0.0	$0.0	$274.3								Cash Flow less WC		US$
								-$34.0	$0.0	$0.0	$0.0	$0.0	$274.3								Cash Flow less WC		US$
												-$94.4	$142.5								CF less WC 5 Yr Run		US$
												-$94.4	$142.5								CF less WC 5 Yr Run		US$
								-$1.45	$0.00	$0.00	$0.00	$0.00	$7.06								CFPS - Less WC		US$
								-$1.45	$0.00	$0.00	$0.00	$0.00	$7.06								CFPS - Less WC		US$
												-$2.93	$4.06								CFPS 5 yr Running		US$
												-$2.93	$4.06								CFPS 5 yr Running		US$
								$10.4	$0.0	$0.0	$0.0	$0.0	-$78.91								Cash Flow		CDN$
								$10.4	$0.0	$0.0	$0.0	$0.0	-$78.91								Cash Flow		CDN$
								$0.44	$0.00	$0.00	$0.00	$0.00	-$2.03								Cash Flow per Share		CDN$
								$0.44	$0.00	$0.00	$0.00	$0.00	-$2.03								Cash Flow per Share		CDN$
												$1.52	-$1.84								CFPS 5 yr Running		CDN$
												$1.52	-$1.84								CFPS 5 yr Running		CDN$
								-$44.2	$0.0	$0.0	$0.0	$0.0	$394.7								Cash Flow less WC		CDN$
								-$44.2	$0.0	$0.0	$0.0	$0.0	$394.7								Cash Flow less WC		CDN$
												-$124.6	$194.7								CF less WC 5 Yr Run		CDN$
												-$124.6	$194.7								CF less WC 5 Yr Run		CDN$
								-$1.88	$0.00	$0.00	$0.00	$0.00	$10.16								CFPS - Less WC		CDN$
								-$1.88	$0.00	$0.00	$0.00	$0.00	$10.16								CFPS - Less WC		CDN$
								$0.00	$0.00	$0.00	-$2.36	-$3.87	$5.52								CFPS 5 yr Running		CDN$
								$0.00	$0.00	$0.00	-$2.36	-$3.87	$5.52								CFPS 5 yr Running		CDN$
Restricted Cash											-$6.328	-$6.675	-$12.939
Prepaids									-$2.294	-$8.412	-$0.215	-$0.211	-$1.366
Acquistion Transaction Costs									$0.054	-$1.036	-$9.788	-$12.371	-$23.455
Other Rec									-$4.013	-$7.246	-$2.381	$0.026	-$5.004
Income Taxes									-$0.863	-$2.580	-$0.398	$6.922	$3.337
Accounts payable& Acc Liab									$3.854	-$0.793	-$1.049	$10.357	$18.386
Net Additions  Loans /Rec									$0.226	$8.675	-$227.824	-$239.109	-$333.842
Principal Loans & Adv Rece									-$51.270	-$109.632	$16.675	$19.231	$25.705
									$3.874	$6.909
																					Generally not part of WC
Sum								$0.000	-$50.432	-$114.113	-$231.307	-$221.829	-$329.178
Google --> TD 2017								-$42	-$50	-$114	-$231	-$222	-$329
Difference								$42	$0	$0	$0	$0	$0
OPM Ratio CDN$								-11.77%	-20.99%	-39.98%	-37.61%	-8.52%	-12.19%	-4.95%				41.92%	<-Total Growth	5	OPM		CDN$
Increase									-78.37%	-90.43%	5.92%	77.36%	-43.17%	59.43%					Should increase		or be stable.		CDN$
Diff from Median								-29.1%	26.5%	140.9%	126.7%	-48.7%	-26.5%	-70.2%				0.00	<-Median->	6	OPM		CDN$
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	-16.59%	5 Yrs	-20.99%					should be	zero, it is a		check on calculations		CDN$
														$140	<-12 mths	15.66%
Adjusted EBITDA US$									$19.96	$25.37	$40.83	$76.31	$121.34	$142.80	$185.20	$245.30		507.79%	<-Total Growth	4	Adjusted EBITDA
Change										27.09%	60.94%	86.87%	59.02%	17.68%	29.69%	32.45%		59.98%	<-Median->	4	Change
EBITDA Margin									27.18%	19.57%	18.00%	24.11%	26.98%	23.98%	24.76%	25.85%		0.24	<-Median->	5	EBITDA Margin
														$192	<-12 mths	10.16%
Adjusted EBITDA CDN$									$25.42	$32.17	$55.30	$100.92	$174.60	$195.71	$253.82	$336.18		586.89%	<-Total Growth	4	Adjusted EBITDA
Change										26.55%	71.93%	82.49%	73.01%	12.09%	29.69%	32.45%		72.47%	<-Median->	4	Change
EBITDA Margin									27.18%	19.57%	18.00%	24.11%	26.98%	23.98%	24.76%	25.85%		0.24	<-Median->	5	EBITDA Margin
EBIT from Mkt Sc										$19.15	$33.88	$64.81	$101.80	$135.90	$176.30	$244.60		431.59%	<-Total Growth	3	EBIT from Mkt Sc
Change											76.92%	91.29%	57.07%	33.50%	29.73%	38.74%		76.92%	<-Median->	3	Change
Margin										14.77%	14.93%	20.48%	22.64%	22.82%	23.57%	25.77%		0.18	<-Median->	4	Margin
Long Term Debt US$									$49.30	$46.87	$148.90	$199.17	$272.79	$306.86				453.38%	<-Total Growth	4	Bank Debt		US$
Change										-4.92%	217.69%	33.76%	36.97%	12.49%				35.36%	<-Median->	4	Change		US$
Debt/Market Cap Ratio										0.21	0.74	0.60	0.29	0.43				0.45	<-Median->	4	Debt/Market Cap Ratio		US$
Assets/Current Liabilities Ratio									6.88	7.59	13.91	12.11	11.59	14.68				11.59	<-Median->	5	Assets/Current Liabilities Ratio		US$
Debt to Cash Flow (Years)									-3.20	-0.90	-1.75	-7.39	-4.97	-10.42				-3.20	<-Median->	5	Debt to Cash Flow (Years)		US$
Long Term Debt CDN$									$62.76	$59.42	$201.67	$263.42	$392.52	$420.55				525.40%	<-Total Growth	4	Bank Debt		CDN$
Change										-5.32%	239.39%	30.62%	49.01%	7.14%				39.81%	<-Median->	4	Change		CDN$
Debt/Market Cap Ratio									0.26	0.13	0.79	0.59	0.27	0.42				0.27	<-Median->	5	Debt/Market Cap Ratio		CDN$
Assets/Current Liabilities Ratio									6.74	7.56	14.86	11.82	12.61	14.68				11.82	<-Median->	5	Assets/Current Liabilities Ratio		CDN$
Debt to Cash Flow (Years)									-3.20	-0.90	-1.75	-7.39	-4.97	-10.42				-3.20	<-Median->	5	Debt to Cash Flow (Years)		CDN$
Intangibles US$									$3.87	$7.91	$11.47	$13.44	$26.94	$31.80				595.36%	<-Total Growth	4	Intangibles		US$
Goodwill													$42.98	$46.48					<-Total Growth	0	Goodwill	starts in 2024	US$
Total									$3.87	$7.91	$11.47	$13.44	$69.92	$78.28				1704.46%	<-Total Growth	4	Total		US$
Change										104.20%	45.00%	17.14%	420.27%	11.95%				75%	<-Median->	4	Change		US$
Intangible/Market Cap Ratio										0.04	0.06	0.04	0.07	0.11				5%	<-Median->	4	Intangible/Market Cap Ratio		US$
Intangibles CDN$									$4.93	$10.03	$15.54	$17.77	$38.77	$43.58				685.86%	<-Total Growth	4	Intangibles		CDN$
Goodwill													$58.21	$0.00					<-Total Growth	0	Goodwill		CDN$
Total									$4.93	$10.03	$15.54	$17.77	$96.98	$43.58				1865.69%	<-Total Growth	4	Total		CDN$
Change										103.33%	54.90%	14.39%	445.58%	-55.06%				79.12%	<-Median->	4	Change		CDN$
Intangible/Market Cap Ratio									0.02	0.02	0.06	0.04	0.07	0.04				0.04	<-Median->	5	Intangible/Market Cap Ratio		CDN$
Current Assets US$									$64.7	$131.7	$232.7	$309.08	$449.98	$520.5				595.60%	<-Total Growth	4	Assets		US$
Current Liabilities									$11.5	$19.7	$18.5	$28.43	$47.55	$43.7				313.86%	<-Total Growth	4	Liabilities		US$
Liquidity Ratio									5.63	6.69	12.60	10.87	9.46	11.92				9.46	<-Median->	5	Ratio		US$
Assets US$									$79.1	$149.5	$256.7	$344.26	$551.01	$641.1				Debt Ratio of 1.5 and up, best			Current Ratio		US$
Liabilities									$70.6	$74.2	$175.0	$242.74	$340.89	$380.9				1.47	<-Median->	5	Ratio		US$
Debt Ratio									1.12	2.02	1.47	1.42	1.62	1.68				1.47	<-Median->	5	Ratio		US$
Estimates BVPS														$6.70	$8.36	$10.96			Estimates		Estimates BVPS
Estimate Book Value														$263.5	$328.9	$431.3			Estimates		Estimate Book Value
P/B Ratio (Close)														2.73	2.19	1.67			Estimates		P/B Ratio (Close)
Difference from 10 year median															-18.33%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value US$									$8.415	$75.329	$81.641	$101.519	$210.114	$260.170							Book Value		US$
NCI									0.00	0.00	0.00	0.00	0.00	0.00							NCI		US$
Book Value									$8.415	$75.329	$81.641	$101.519	$210.114	$260.170	$260.170	$260.170		178.93%	<-Total Growth	4	Book Value		US$
Book Value per share									$0.35	$2.19	$2.38	$2.96	$5.41	$6.61	$7.87	#DIV/0!		146.49%	<-Total Growth	4	Book Value per Share		US$
Increase										519.14%	8.38%	24.34%	82.91%	22.21%	19.05%	#DIV/0!		3.25%	P/B Ratio		Current/Historical Median		US$
P/B Ratio (Median)											2.58	2.68	3.48	3.31				2.68	P/B Ratio		Historical Median		US$
P/B Ratio (Close)										2.93	2.46	3.25	4.48	2.77	2.33	#DIV/0!		97.65%	<-IRR #YR->	4	Book Value per Share	#DIV/0!	US$
Change											-16.09%	31.98%	38.10%	-38.25%	-16.00%	#DIV/0!		97.65%	<-IRR #YR->	4	Book Value per Share	#DIV/0!	US$
Leverage (A/BK)									9.39	1.98	3.14	3.39	2.62	2.46				3.14	<-Median->	5	A/BV		US$
Debt/Equity Ratio									8.39	0.98	2.14	2.39	1.62	1.46				2.14	<-Median->	5	Debt/Eq Ratio		US$
Shareholders' Equity (Assets less Liabilities)									P/BV	10 yr Med	2.68	5 yr Med	2.68		3.25%	Diff M/C		3.14	Historical		Leverage (A/BK)		US$
									-$0.35	$0.00	$0.00	$0.00	$5.41
									-$0.35	$0.00	$0.00	$0.00	$5.41
Current Assets CDN$									$82.4	$167.0	$315.1	$408.8	$647.5	$713.3				287.65%	<-Total Growth	4	Current Assets		CDN$
Current Liabilities									$14.9	$25.1	$23.4	$38.5	$62.9	$59.8				150.79%	<-Total Growth	4	Current Liabilities		CDN$
Liquidity Ratio									5.52	6.66	13.47	10.62	10.29	11.92				10.29	<-Median->	5	Ratio		CDN$
Liq. with CF aft div									4.69	7.40	11.83	10.06	9.43	11.47				9.43	<-Median->	5	Ratio	If Div = 0	CDN$
Liq. CF re  Inv+Div									3.68	3.64	6.96	8.49	4.22	11.25				4.22	<-Median->	5	Ratio		CDN$
Assets CDN$									$100.7	$189.5	$347.6	$455.3	$792.8	$878.6				318.31%	<-Total Growth	4	Assets		CDN$
Liabilities									$91.7	$94.4	$221.9	$328.8	$450.9	$522.0				377.45%	<-Total Growth	4	Liabilities		CDN$
Debt Ratio									1.10	2.01	1.57	1.38	1.76	1.68				1.57	<-Median->	5	Ratio		CDN$
Book Value CDN$									$8.906	$95.102	$125.733	$126.550	$341.980	$356.563							Book Value		CDN$
NCI									0.00	0.00	0.00	0.00	0.00	0.00							NCI		CDN$
Book Value									$8.906	$95.102	$125.733	$126.550	$341.980	$356.563	$356.563	$356.563		259.59%	<-Total Growth	4	Book Value		CDN$
Book Value per share									$0.38	$2.77	$3.66	$3.69	$8.80	$9.06	$9.06	$9.06		217.78%	<-Total Growth	4	Book Value per Share		CDN$
Increase										638.58%	32.21%	0.65%	138.82%	2.91%	0.00%	0.00%		3.74%	P/B Ratio		Current/Historical Median		CDN$
P/B Ratio (Median)									0.00	4.44	2.64	2.69	2.96	3.44				2.69	P/B Ratio		Historical Median		CDN$
P/B Ratio (Close)									27.56	4.87	2.03	3.52	4.18	2.79	2.79	2.79		120.11%	<-IRR #YR->	4	Book Value per Share	#DIV/0!	CDN$
Change										-82.32%	-58.26%	72.98%	18.77%	-33.33%	0.00%	0.00%		120.11%	<-IRR #YR->	4	Book Value per Share	#DIV/0!	CDN$
Leverage (A/BK)									11.30	1.99	2.76	3.60	2.32	2.46				2.76	<-Median->	5	A/BV		CDN$
Debt/Equity Ratio									10.30	0.99	1.76	2.60	1.32	1.46				1.76	<-Median->	5	Debt/Eq Ratio		CDN$
Shareholders' Equity (Assets less Liabilities)									P/BV	10 yr Med	2.69	5 yr Med	2.69		3.74%	Diff M/C		2.76	Historical		Leverage (A/BK)		CDN$
									-$0.38	$0.00	$0.00	$0.00	$8.80
									-$0.38	$0.00	$0.00	$0.00	$8.80
														$67.88	<-12 mths	58.73%
Comprehensive Income US$								$1.99	$7.33	$6.56	$15.13	$27.99	$42.76					2043.68%	<-Total Growth	5	Comprehensive Income		US$
Increase									267.57%	-10.50%	130.52%	85.06%	52.75%					85.06%	<-Median->	5	Comprehensive Income		US$
5 Yr Running Average								$0.40	$1.87	$3.18	$6.20	$11.80	$19.96					84.60%	<-IRR #YR->	5	Comprehensive Income	#DIV/0!	US$
ROE									87.1%	8.7%	18.5%	27.6%	20.4%					84.60%	<-IRR #YR->	5	Comprehensive Income	2043.68%	US$
5Yr Median									87.1%	47.9%	18.5%	23.1%	20.4%					69.08%	<-IRR #YR->	1	5 Yr Running Average	#DIV/0!	US$
% Difference from Net Income									0.00%	0.00%	0.00%	0.79%	-7.79%					69.08%	<-IRR #YR->	1	5 Yr Running Average	4901.90%	US$
Median Values									Diff	5, 10 yr	0.0%	0.0%						20.4%	<-Median->	5	Return on Equity
								-$2.0	$0.0	$0.0	$0.0	$0.0	$42.8
								-$2.0	$0.0	$0.0	$0.0	$0.0	$42.8
												-$11.8	$20.0
												-$11.8	$20.0
Current Liability Coverage Ratio									3.05	3.16	7.91	6.85	5.77	-0.67							CFO / Current Liabilities		US$
5 year Median									3.05	3.10	3.16	5.01	5.77	5.77				5.77	<-Median->	5	Current Liability Cov Ratio		US$
Asset Efficiency Ratio									44.29%	41.66%	56.87%	56.61%	49.79%	-4.60%							CFO / Total Assets		US$
5 year Median									44.29%	42.97%	44.29%	50.45%	49.79%	49.79%				49.8%	<-Median->	5	Return on Assets		US$
Return on Assets ROA									9.28%	4.39%	5.89%	8.07%	8.42%	11.01%				Net	Income/Assets		Return on Assets		US$
5Yr Median									9.28%	6.83%	5.89%	6.98%	8.07%	8.07%				8.1%	<-Median->	5	Asset Efficiency Ratio		US$
Return on Equity ROE									87.13%	8.71%	18.53%	27.36%	22.07%	27.14%				Net Inc/	Shareholders' equity		Return on Equity		US$
5Yr Median									87.13%	47.92%	18.53%	22.94%	22.07%	22.07%				22.1%	<-Median->	5	Return on Equity		US$
														$65.19	<-12 mths	40.57%
Net Income US$								$1.995	$7.332	$6.562	$15.13	$27.78	$46.38					2224.78%	<-Total Growth	5	Net Income		US$
NCI								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00										US$
Net Income								$1.99	$7.33	$6.56	$15.13	$27.78	$46.38	$70.61	$95.10	$127.60		606.69%	<-Total Growth	5	Net Income		US$
Increase									267.57%	-10.50%	130.52%	83.61%	66.96%	52.26%	34.68%			EPS/CF Ratio should not be higher than 1.00					US$
5 Yr Running Average											$6	$12	$21	$33	$51			87.62%	<-IRR #YR->	5	Net Income	#DIV/0!	US$
Operating Cash Flow								-$8.0	-$15.4	-$51.8	-$85.3	-$27.0	-$54.8					87.62%	<-IRR #YR->	5	Net Income	2224.78%	US$
Investment Cash Flow									-$2.1	-$2.8	-$5.3	-$5.4	-$71.9					75.49%	<-IRR #YR->	1	5 Yr Running Average	#DIV/0!	US$
Total Accruals								$10.0	$24.9	$61.2	$105.7	$60.2	$173.1					75.49%	<-IRR #YR->	1	5 Yr Running Average	#DIV/0!	US$
Total Assets								$0.0	$79.1	$149.5	$256.7	$344.3	$551.0						Balance Sheet		Assets		US$
Accruals Ratio									31.48%	40.91%	41.19%	17.48%	31.42%					31.48%	<-Median->	5	Ratio		US$
EPS/CF Ratio (WC)								0.06	0.20	0.13	0.10	0.13	0.17					0.13	<-Median->	6	EPS/CF Ratio		US$
								-$2.0	$0.0	$0.0	$0.0	$0.0	$46.4
								-$2.0	$0.0	$0.0	$0.0	$0.0	$46.4
												-$11.8	$20.6
												-$11.8	$20.6
Financial Cash Flow US$									$16.594	$56.590	$91.014	$38.5	$134.8					138.26%	<-Total Growth	4	Financial Cash Flow		CDN$
Total Accruals								$10.0	$8.3	$4.6	$14.7	$21.7	$38.3								Accruals		CDN$
Accruals Ratio									10.49%	3.06%	5.73%	6.30%	6.95%					6.30%	<-Median->	5	Ratio		CDN$
														$93.03	<-12 mths	51.19%
Comprehensive Income CDN$								$2.59	$9.34	$8.32	$20.49	$37.03	$61.53					639.58%	<-Total Growth	5	Comprehensive Income		CDN$
Increase									260.32%	-10.88%	146.26%	80.72%	66.19%					80.72%	<-Median->	5	Comprehensive Income		CDN$
5 Yr Running Average								$0.52	$2.39	$4.05	$8.15	$15.55	$27.34					88.42%	<-IRR #YR->	5	Comprehensive Income	#DIV/0!	CDN$
ROE									104.8%	8.7%	16.3%	29.3%	18.0%					88.42%	<-IRR #YR->	5	Comprehensive Income	2274.92%	CDN$
5Yr Median											16.3%	22.8%	18.0%					75.80%	<-IRR #YR->	1	5 Yr Running Average	#DIV/0!	CDN$
% Difference from Net Income									0.00%	0.00%	0.00%	0.79%	-7.79%					75.80%	<-IRR #YR->	1	5 Yr Running Average	5176.22%	CDN$
Median Values									Diff	5, 10 yr	0.0%	0.0%						18.0%	<-Median->	5	Return on Equity
								-$2.6	$0.0	$0.0	$0.0	$0.0	$61.5
								-$2.6	$0.0	$0.0	$0.0	$0.0	$61.5
												-$15.6	$27.3
												-$15.6	$27.3
Current Liability Coverage Ratio									2.99	3.15	8.45	6.69	6.28	-0.67							CFO / Current Liabilities		CDN$
5 year Median									2.99	3.07	3.15	4.92	6.28	6.28				6.28	<-Median->	5	Current Liability Cov Ratio		CDN$
Asset Efficiency Ratio									44.29%	41.66%	56.87%	56.61%	49.79%	-4.60%							CFO / Total Assets		CDN$
5 year Median									44.29%	42.97%	44.29%	50.45%	49.79%	49.79%				49.8%	<-Median->	5	Return on Assets		CDN$
Return on Assets ROA									9.28%	4.39%	5.89%	8.07%	8.42%	11.01%				Net	Income/Assets		Return on Assets		CDN$
5Yr Median									9.28%	6.83%	5.89%	6.98%	8.07%	8.07%				8.1%	<-Median->	5	Asset Efficiency Ratio		CDN$
Return on Equity ROE									104.82%	8.75%	16.30%	29.03%	19.51%	27.14%				Net Inc/	Shareholders' equity		Return on Equity		CDN$
5Yr Median									104.82%	56.78%	16.30%	22.66%	19.51%	19.51%				19.5%	<-Median->	5	Return on Equity		CDN$
														$89.35	<-12 mths	33.89%
Net Income CDN$								$2.59	$9.34	$8.32	$20.49	$36.74	$66.73					702.06%	<-Total Growth	5	Net Income		CDN$
NCI								$0.00	$0.00	$0.00	$0.00	$0.00	$0.00										CDN$
Net Income								$2.59	$9.34	$8.32	$20.49	$36.74	$66.73	$96.77	$130.33	$174.88		702.06%	<-Total Growth	5	Net Income		CDN$
Increase									260.32%	-10.88%	146.26%	79.30%	81.64%	45.02%	34.68%	34.17%		EPS/CF Ratio should not be higher than 1.00					CDN$
5 Yr Running Average											$8	$15	$28	$46	$70	$101		91.50%	<-IRR #YR->	5	Net Income	#DIV/0!	CDN$
Operating Cash Flow								-$10.4	-$19.6	-$65.7	-$115.6	-$35.6	-$78.9					91.50%	<-IRR #YR->	5	Net Income	2475.55%	CDN$
Investment Cash Flow								$0.0	-$2.8	-$3.5	-$6.7	-$7.4	-$95.1					82.79%	<-IRR #YR->	1	5 Yr Running Average	#DIV/0!	CDN$
Total Accruals								$13.0	$31.7	$77.6	$142.7	$79.7	$240.7					82.79%	<-IRR #YR->	1	5 Yr Running Average	#DIV/0!	CDN$
Total Assets								$0.0	$100.7	$189.5	$347.6	$455.3	$792.8						Balance Sheet		Assets		CDN$
Accruals Ratio								#DIV/0!	31.53%	40.92%	41.06%	17.51%	30.36%					31.53%	<-Median->	5	Ratio		CDN$
EPS/CF Ratio (WC)								0.06	0.20	0.13	0.10	0.13	0.17					0.13	<-Median->	6	EPS/CF Ratio		CDN$
								-$2.6	$0.0	$0.0	$0.0	$0.0	$66.7
								-$2.6	$0.0	$0.0	$0.0	$0.0	$66.7
												-$15.5	$28.3
												-$15.5	$28.3
Change in Close										30.56%	-44.81%	74.09%	183.65%	-31.39%	0.00%	0.00%			Count	5	Years of data		CDN$
up/down										down	down	down	Down	Down					Count	5	100.00%		CDN$
Meet Prediction?											Yes							% right	Count	1	20.00%		CDN$
Financial Cash Flow CDN$									$21.1	$71.7	$123.3	$50.9	$194.0						C F Statement		Financial Cash Flow		CDN$
Total Accruals									$10.6	$5.8	$19.5	$28.9	$46.7								Accruals		CDN$
Accruals Ratio									10.54%	3.06%	5.60%	6.34%	5.89%					5.89%	<-Median->	5	Ratio		CDN$
Cash US$									$5.246	$7.239	$7.659	$13.751	$20.502	$27.617							Cash		US$
Cash per Share									$0.22	$0.21	$0.22	$0.40	$0.53	$0.70				$0.22	<-Median->	5	Cash per Share		US$
Percentage of Stock Price										3.28%	3.81%	4.17%	2.18%	3.83%				3.55%	<-Median->	4	% of Stock Price		US$
Cash CDN$									$6.679	$9.177	$10.373	$18.187	$29.500	$37.848							Cash		CDN$
Cash per Share									$0.28	$0.27	$0.30	$0.53	$0.76	$0.96				$0.30	<-Median->	5	Cash per Share		CDN$
Percentage of Stock Price									2.72%	1.98%	4.06%	4.08%	2.06%	3.81%				2.72%	<-Median->	5	% of Stock Price		CDN$
Notes:
December 20, 2025.  Last estimates were for 2024, 2025. 2026 in US$ of $446.6M, $628.6M, $775.8M Revenue, $1.61, $2.57, $3.30 AEPS, $1.36, $2.31, $3.15 EPS,
$0.39, $0.52, $0.62 Dividends, $120.3M, $184.2M, $236.7M EBITDA, $4.19, $6.07, $8.11 BVPS, $51.1, $93.5M, $125.5M Net Income.
Spreadsheet started at the end of 2024.
Sector:
Finance, Financial Services
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock.
When I was reading  and article by Aditya Raghunath's on EQB, he also mentions this stock.  I thought the stock looked interesting.
See <a href=" https://www.fool.ca/2024/09/30/my-5-favourite-stocks-to-buy-right-now-7/ " target="_top">the Article</a>.
Article on CANTECH https://www.cantechletter.com/2025/03/beaten-down-propel-holdings-is-a-buy-ventum-says/
Beaten down Propel Holdings is a buy, Ventum says
Why I bought this stock.
Note:
Income Trust law changed in October 2006.  It was to take effect for current income trust on January 1, 2011.
Dividends
Dividends are paid quarterly in Cycle 3 of March, June, September and December.  Dividends are declared in one month for shareholders of record of the that month and paid in the next month.
For example, the dividends declared on Feb 7, 2024  was for shareholders of record of February 13, 2024 and paid on March 5, 2024.
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.
For customers
For employees
For community
For investors
How they make their money.
Propel Holdings Inc is a financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit
through its proprietary, online lending platform.
Shares; '%, Value $M				From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	CDN$		Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date				2020	3	87.35%	11.30%	7.85%	3.45%	11.30%		Dec 30	2023	Dec 30	2024			Dec 20	2025
Kinross, Clive												6.400	18.64%	5.000	12.87%			2.700	6.86%			-46.00%
CEO - Shares - Amount				From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	US$			$83.008		$183.950				$68.148
Options - percentage				2021	2	85.39%	26.32%	22.16%	4.16%	26.32%		0.515	1.50%	0.703	1.81%			0.563	1.43%			-19.91%
Options - amount													$6.680		$25.871				$14.215
Saidakovsky, Sheldon				From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	CDN$		0.637	1.86%	0.602	1.55%			0.698	1.77%			15.94%
CFO - Shares - Amount				2020	4	75.46%	39.94%	37.34%	2.60%	39.94%			$8.267		$22.161				$17.627
Options - percentage												0.276	0.80%	0.451	1.16%			0.335	0.85%			-25.72%
Options - amount				From	Years	Div. Gth	Tot Ret	Cap Gain	Div.	US$			$3.580		$16.592				$8.455
				2021	3	74.83%	59.02%	55.63%	3.39%	59.02%
Buchman, Noah												0.925	2.69%	0.990	2.55%			1.027	2.61%			3.72%
Officer - Shares - Amount													$11.994		$36.422				$25.918
Options - percentage												0.276	0.80%	0.334	0.86%			0.204	0.52%			-39.04%
Options - amount													$3.580		$12.301				$5.144
Martin, Karen Lynne												0.010	0.03%	0.012	0.03%			0.012	0.03%			0.00%
Director - Shares - Amount													$0.133		$0.451				$0.309
Options - percentage												0.040	0.12%	0.052	0.13%			0.065	0.16%			24.04%
Options - amount													$0.519		$1.913				$1.628
Anderson, Peter												0.065	0.19%	0.065	0.17%			0.085	0.22%			30.77%
Director - Shares - Amount													$0.843		$2.391				$2.145
Options - percentage												0.020	0.06%	0.032	0.08%			0.031	0.08%			-3.86%
Options - amount													$0.259		$1.177				$0.776
Stein, Michael												6.400	18.64%	5.386	13.87%			5.136	13.05%			-4.64%
Chairman - Shares - Amt													$83.008		$198.144				$129.628
Options - percentage												0.060	0.17%	0.078	0.20%			0.097	0.25%			23.97%
Options - amount													$0.778		$2.870				$2.441
Name
10% Holder - Shares - Amt
Options - percentage
Options - amount
Increase in O/S Shares												0.000	0.00%	0.001	0.00%			0.329	0.85%
Due to Stock Options													$0.001		$0.014				$12.105
Book Value													$0.002		$0.012				$1.849
Insider Buying													-$0.196		-$0.047				-$0.388
Insider Selling													$0.119		$40.185				$20.045
Net Insider Selling													-$0.077		$40.138				$19.657
Net Selling % of Market Cap													-0.02%		2.81%				1.98%
Directors														7				7
Women														2	29%			2	29%
Minorities														1	14%			1	14%
Institutions/Holdings														20	6.70%			20	5.31%
Total Shares Held														2.306	5.94%			2.088	5.31%
Increase/Decrease 3 Mths														0.507	28.18%			0.256	13.98%
Starting No. of Shares														1.799	MS Top 20			1.832	MS Top 20
Institutions/Holdings
Total Shares Held
Increase/Decrease 3 Mths
Starting No. of Shares
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My Stock
																		27-Dec-24	-$3,638.99		$36.39	100
																		2-Jan-25	-$3,605.99		$36.06	100
																		5-Mar-25	-$1,378.99		$27.58	50
																		30-Nov-25	$6,277.50		$34.50	250
																		-30.05%	XIRR		$25.11	250
																		-28.67%	Total Return
																		1.38%	Dividend Ret.
																		% from	$6,404.25		Total Value	Gain
																			$0.00		Less Sale of Stock
																			-$6,277.50		Less Stock Value
																		5.71%	$126.75		Dividends Paid	1.47%
																			$8,623.97		Cost of Stock
																			$0.00		Sale of Stock
																		-105.71%	-$2,346.47		Capital Gains/Loss	-27.21%
																		-100.00%	-$2,219.72		Total Return	-25.74%
																		Start Date	27-Dec-24		Shares	250
																		End date	30-Nov-25		Dividends paid per Share	$0.51
																		Years	0.93		Div less cost	-$33.99
																					Cost	$34.50
																					% paid by div	1.47%