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/ Q2 2017
Brookfield Asset Management Inc. TSX: BAM.A NYSE: BAM www.brookfield.com Fiscal Yr: Dec 31 6/30/17
Year 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 Value Description #Y Item Total G Currency
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Split 1.5 1.5 1.5
$28,665 <-12 mths 17.43%
Revenue US$ $5,256.0 $6,897.0 $9,343.0 $12,868 $12,082 $12,082 $15,921 $18,697 $20,830 $18,364 $19,913 $24,411 $26,064 $23,358 $26,148 253.94% <-Total Growth 10 Revenue US$
Increase 34.80% 31.22% 35.46% 37.73% -6.11% 0.00% 31.77% 17.44% 11.41% -11.84% 8.43% 22.59% 6.77% -10.38% 11.94% 13.47% <-IRR #YR-> 10 Revenue 253.94% US$
5 year Running Average $3,705 $4,497 $5,753 $7,653 $9,289 $10,654 $12,459 $14,330 $15,922 $17,179 $18,745 $20,443 $21,916 $22,422 $23,979 8.92% <-IRR #YR-> 5 Revenue 53.33% US$
Revenue per Share $6.05 $7.90 $10.67 $14.98 $14.06 $13.09 $17.25 $20.25 $22.56 $19.78 $20.71 $25.48 $27.19 $24.36 $27.27 16.35% <-IRR #YR-> 10 5 yr Running Average 354.57% US$
Increase 35.39% 30.72% 35.05% 40.36% -6.14% -6.92% 31.77% 17.44% 11.41% -12.32% 4.70% 22.99% 6.71% -10.38% 11.94% 10.41% <-IRR #YR-> 5 5 yr Running Average 64.08% US$
5 year Running Average $4.26 $5.16 $6.60 $8.81 $10.73 $12.14 $14.01 $15.93 $17.44 $18.59 $20.11 $21.76 $23.15 $23.51 $25.00 12.42% <-IRR #YR-> 10 Revenue per Share 222.37% US$
P/S (Price/Sales) Med 2.08 2.31 2.35 1.09 0.84 1.36 1.16 1.06 1.11 1.46 1.66 1.23 1.40 8.12% <-IRR #YR-> 5 Revenue per Share 47.72% US$
P/S (Price/Sales) Close 2.50 2.71 2.23 0.60 1.05 1.70 1.06 1.21 1.15 1.69 1.50 1.30 1.53 1.71 1.53 15.48% <-IRR #YR-> 10 5 yr Running Average 321.87% US$
*Revenue in M US $ P/S Med 10 yr 1.20 5 yr 1.23 28.35% Diff M/C 9.20% <-IRR #YR-> 5 5 yr Running Average 55.31% US$
-$6,897 $0 $0 $0 $0 $0 $0 $0 $0 $0 $24,411
-$15,921 $0 $0 $0 $0 $24,411
-$4,497 $0 $0 $0 $0 $0 $0 $0 $0 $0 $20,443
-$12,459 $0 $0 $0 $0 $20,443
-$7.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.48
-$17.25 $0.00 $0.00 $0.00 $0.00 $25.48
-$5.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $21.76
-$14.01 $0.00 $0.00 $0.00 $0.00 $21.76
$36,588 <-12 mths 11.63%
Revenue* CDN$ $6,112.7 $8,036.4 $9,231.8 $15,750 $12,688 $12,046 $16,261 $18,638 $22,155 $21,304 $27,574 $32,777 $33,268 $29,814 $33,375 307.85% <-Total Growth 10 Revenue CDN$
Increase 30.13% 31.47% 14.88% 70.61% -19.45% -5.06% 34.99% 14.62% 18.87% -3.84% 29.43% 18.87% 1.50% -10.38% 11.94% 15.09% <-IRR #YR-> 10 Revenue 307.85% CDN$
5 year Running Average $4,936 $5,608 $6,487 $8,766 $10,364 $11,550 $13,195 $15,076 $16,357 $18,081 $21,186 $24,490 $27,416 $28,947 $31,362 15.05% <-IRR #YR-> 5 Revenue 101.57% CDN$
Revenue per Share $7.03 $9.21 $10.55 $18.34 $14.76 $13.05 $17.61 $20.19 $24.00 $22.95 $28.68 $34.21 $34.70 $31.10 $34.81 15.88% <-IRR #YR-> 10 5 yr Running Average 336.66% CDN$
Increase 30.69% 30.96% 14.52% 73.87% -19.48% -11.63% 34.99% 14.62% 18.87% -4.36% 24.97% 19.25% 1.44% -10.38% 11.94% 13.17% <-IRR #YR-> 5 5 yr Running Average 85.59% CDN$
5 year Running Average $5.68 $6.43 $7.44 $10.10 $11.98 $13.18 $14.86 $16.79 $17.92 $19.56 $22.69 $26.01 $28.91 $30.33 $32.70 14.02% <-IRR #YR-> 10 Revenue per Share 271.48% CDN$
P/S (Price/Sales) Med 2.11 2.28 2.54 0.94 0.92 1.40 1.14 1.07 1.08 1.43 1.53 1.25 1.41 14.20% <-IRR #YR-> 5 Revenue per Share 94.21% CDN$
P/S (Price/Sales) 2.47 2.72 2.23 0.68 1.06 1.70 1.06 1.20 1.15 1.69 1.50 1.30 1.53 1.71 1.53 15.00% <-IRR #YR-> 10 5 yr Running Average 304.48% CDN$
*Revenue in M CDN $ P/S Med 10 yr 1.19 5 yr 1.25 28.80% Diff M/C 11.84% <-IRR #YR-> 5 5 yr Running Average 74.99% CDN$
-$8,036 $0 $0 $0 $0 $0 $0 $0 $0 $0 $32,777
-$16,261 $0 $0 $0 $0 $32,777
-$5,608 $0 $0 $0 $0 $0 $0 $0 $0 $0 $24,490
-$13,195 $0 $0 $0 $0 $24,490
-$9.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $34.21
-$17.61 $0.00 $0.00 $0.00 $0.00 $34.21
-$6.43 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $26.01
-$14.86 $0.00 $0.00 $0.00 $0.00 $26.01
$1.29 <-12 mths -16.77%
pre-split 15 $2.79 $1.95 $1.27 $1.04 $0.72 $2.40 $3.00 $2.02 $3.21 $4.79
EPS Basic US$ $1.86 $1.30 $0.85 $0.69 $0.48 $1.60 $2.00 $1.35 $2.14 $3.19 $2.32 $1.58 21.54% <-Total Growth 10 EPS Basic US$
EPS pre- 04
EPS Diluted* US$ $1.81 $1.27 $0.83 $0.68 $0.47 $1.55 $1.93 $1.31 $2.08 $3.11 $2.26 $1.55 $0.45 $1.07 $1.96 22.37% <-Total Growth 10 EPS Diluted US$
Increase 202.97% -30.15% -34.74% -17.74% -30.39% 228.17% 24.03% -31.83% 58.38% 49.68% -27.41% -31.42% -70.97% 137.78% 83.18% 2.04% <-IRR #YR-> 10 Earnings per Share 22.37% US$
Earnings Yield 12.0% 5.9% 3.5% 7.6% 3.2% 7.0% 10.5% 5.4% 8.0% 9.3% 7.3% 4.7% 1.1% 2.6% 4.7% -4.26% <-IRR #YR-> 5 Earnings per Share -19.55% US$
5 year Running Average $0.61 $0.82 $0.98 $1.04 $1.01 $0.96 $1.09 $1.19 $1.47 $2.00 $2.14 $2.06 $1.89 $1.69 $1.46 9.64% <-IRR #YR-> 10 5 yr Running Average 150.95% US$
10 year Running Average $0.45 $0.58 $0.61 $0.65 $0.67 $0.78 $0.96 $1.08 $1.25 $1.50 $1.55 $1.58 $1.54 $1.58 $1.73 13.57% <-IRR #YR-> 5 5 yr Running Average 88.95% US$
* Diluted ESP per share E/P 10 Yrs 7.15% 5Yrs 7.30%
$1.65 <-12 mths -20.88%
EPS Basic CDN$ $2.16 $1.51 $0.84 $0.85 $0.50 $1.60 $2.04 $1.34 $2.28 $3.70 $3.21 $2.12 40.05% <-Total Growth 10 EPS Basic CDN$
EPS Diluted*CDN$ $2.11 $1.48 $0.82 $0.83 $0.50 $1.55 $1.97 $1.31 $2.21 $3.61 $3.13 $2.08 $0.57 $1.37 $2.50 41.01% <-Total Growth 10 EPS Diluted CDN$
Increase 192.46% -30.01% -44.66% 1.90% -40.28% 211.57% 27.06% -33.47% 68.98% 63.26% -13.35% -33.50% -72.40% 137.78% 83.18% 3.50% <-IRR #YR-> 10 Earnings per Share 41.01% CDN$
Earnings Yield 12.1% 5.9% 3.5% 6.6% 3.2% 7.0% 10.5% 5.4% 8.1% 9.3% 7.3% 4.7% 1.1% 2.6% 4.7% 1.13% <-IRR #YR-> 5 Earnings per Share 5.76% CDN$
5 year Running Average $0.74 $0.98 $1.13 $1.19 $1.15 $1.03 $1.13 $1.23 $1.51 $2.13 $2.45 $2.47 $2.32 $2.15 $1.93 9.73% <-IRR #YR-> 10 5 yr Running Average 153.11% CDN$
10 year Running Average $0.61 $0.74 $0.75 $0.79 $0.80 $0.89 $1.05 $1.18 $1.35 $1.64 $1.74 $1.80 $1.78 $1.83 $2.03 16.87% <-IRR #YR-> 5 5 yr Running Average 117.99% CDN$
* Diluted ESP per share E/P 10 Yrs 6.82% 5Yrs 7.28%
-$1.48 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.08
-$1.97 $0.00 $0.00 $0.00 $0.00 $2.08
-$0.98 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.47
-$1.13 $0.00 $0.00 $0.00 $0.00 $2.47
Special Dividends pre-split 15 $0.00 $0.00 $0.00 $0.94 $0.00 $0.00 $0.00 $0.00 $2.18 $0.05
Special Dividends US$ $0.00 $0.00 $0.00 $0.63 $0.00 $0.00 $0.00 $0.00 $1.45 $0.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends US$
Div pre-split 04
Div pre-split 06 $0.59
Div pre-split 07 $0.39
Div pre-split 15 $0.26 $0.39 $0.47 $0.51 $0.52 $0.52 $0.52 $0.55 $0.59 $0.63
Dividend US$ $0.17 $0.26 $0.31 $0.34 $0.35 $0.35 $0.35 $0.37 $0.39 $0.42 $0.47 $0.52 $0.56 $0.56 $0.56 100.00% <-Total Growth 10 Dividends US$
Increase 7.27% 48.73% 20.51% 8.51% 1.96% 0.00% 0.00% 5.77% 7.27% 6.81% 12.66% 9.87% 7.69% 0.00% 0.00% Count 30 Years of data US$
Dividends 5 Yr Running $0.15 $0.17 $0.21 $0.38 $0.41 $0.45 $0.46 $0.47 $0.65 $0.67 $0.70 $0.73 $0.77 $0.51 $0.53 320.39% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 1.39% 1.42% 1.25% 2.07% 2.92% 1.95% 1.74% 1.70% 1.57% 1.45% 1.38% 1.65% 1.48% 1.68% <-Median-> 10 Yield H/L Price US$
Yield on High Price 1.16% 1.19% 1.08% 1.39% 2.16% 1.56% 1.53% 1.50% 1.45% 1.25% 1.22% 1.44% 1.30% 1.45% <-Median-> 10 Yield on High Price US$
Yield on Low Price 1.74% 1.78% 1.47% 4.11% 4.50% 2.59% 2.01% 1.97% 1.72% 1.72% 1.58% 1.94% 1.70% 1.95% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 1.16% 1.21% 1.32% 3.78% 2.34% 1.56% 1.89% 1.50% 1.52% 1.26% 1.53% 1.58% 1.34% 1.34% 1.34% 1.54% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 9.64% 20.53% 37.90% 142.16% 73.24% 22.32% 17.99% 27.92% 88.73% 14.56% 20.94% 33.55% 124.44% 52.34% 28.57% 30.73% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 24.36% 21.17% 21.55% 36.21% 40.74% 46.53% 42.49% 39.91% 44.27% 33.63% 32.60% 35.47% 40.75% 30.40% 36.67% 38.06% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 18.31% 23.06% 8.35% 52.99% 25.35% 22.01% 47.34% 22.61% 74.79% 16.35% 16.32% 16.16% 11.69% 22.31% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 19.53% 20.20% 13.72% 21.69% 22.84% 23.15% 25.08% 33.33% 41.89% 36.63% 33.21% 28.19% 23.86% 26.63% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 20.96% 16.18% 15.14% 44.98% 17.59% 14.76% 33.51% 22.39% 60.48% 13.31% 16.40% 13.89% 11.69% 16.99% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 23.75% 19.89% 17.75% 25.27% 23.89% 22.01% 24.23% 25.96% 32.38% 29.27% 29.01% 24.85% 21.55% 25.06% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values 5 Yr Med 5 Yr Cl 1.57% 1.52% 5 Yr Med Payout 27.92% 16.35% 16.40% 7.18% <-IRR #YR-> 10 Dividends 100.00% US$
* Dividends per share 5 Yr Med and Cur. -14.64% -11.62% Last Div Inc ---> $0.11 $0.12 5.9% 8.45% <-IRR #YR-> 5 Dividends 50.00% US$
-$0.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.52
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.52
Historical Dividends Historical High Div 8.68% Low Div 1.17% Ave Div 4.93% Med Div 2.48% Close Div 3.70% Historical Dividends US$
High/Ave/Median Values Curr diff Exp. -84.53% Exp 14.78% Exp. -72.73% Exp. -45.85% Exp. -63.69% High/Ave/Median US$
Future Dividend Yield Div Yd 1.63% earning in 5 Years at IRR of 3.90% Div Inc. 21.08% Future Dividend Yield US$
Future Dividend Yield Div Yd 1.97% earning in 10 Years at IRR of 3.90% Div Inc. 46.61% Future Dividend Yield US$
Future Dividend Yield Div Yd 2.38% earning in 15 Years at IRR of 3.90% Div Inc. 77.51% Future Dividend Yield US$
Yield if held 5 yrs 6.72% 8.02% 7.60% 6.80% 3.96% 2.76% 1.90% 1.46% 2.40% 3.54% 2.66% 2.61% 2.60% 2.24% 1.93% 2.71% <-Median-> 10 Paid Median Price US$
Yield if held 10 yrs 5.64% 6.70% 8.89% 10.36% 12.78% 13.33% 10.69% 8.89% 7.86% 4.80% 3.77% 2.85% 2.23% 3.41% 4.72% 8.89% <-Median-> 10 Paid Median Price US$
Yield if held 15 yrs 21.71% 12.21% 11.19% 8.94% 10.41% 11.98% 15.48% 18.20% 16.03% 13.58% 11.19% 6.40% 12.21% <-Median-> 9 Paid Median Price US$
Yield if held 20 yrs 25.12% 14.80% 15.28% 13.41% 15.89% 17.06% 20.64% 15.04% <-Median-> 4 Paid Median Price US$
Yield if held 25 yrs 35.76% 19.73% #NUM! <-Median-> 0 Paid Median Price US$
Cost covered if held 5 years 28.41% 26.84% 25.59% 37.53% 23.54% 17.77% 12.71% 9.46% 19.83% 28.30% 19.59% 18.37% 17.88% 10.27% 9.22% 19.71% <-Median-> 10 Paid Median Price US$
Cost covered if held 10 years 55.97% 45.91% 53.65% 81.28% 103.86% 114.31% 98.37% 83.15% 102.53% 61.90% 45.50% 32.75% 24.83% 35.47% 50.82% 82.21% <-Median-> 10 Paid Median Price US$
Cost covered if held 15 years 235.81% 135.02% 128.07% 105.72% 121.01% 180.33% 227.66% 248.37% 211.18% 176.58% 153.83% 92.43% 180.33% <-Median-> 9 Paid Median Price US$
Cost covered if held 20 years 443.49% 253.37% 240.60% 200.07% 230.34% 258.50% 326.18% 246.99% <-Median-> 4 Paid Median Price US$
Cost covered if held 25 years 607.40% 347.56% #NUM! <-Median-> 0 Paid Median Price US$
Actual Dividends $0.69
Special Dividends $0.00 $0.00 $0.00 $0.77 $0.00 $0.00 $0.00 $0.00 $1.54 $0.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends CDN$
Div pre-split 04
Div pre-split 06
Div pre-split 07
Div pre-split 15
Dividend* $0.20 $0.30 $0.31 $0.42 $0.36 $0.35 $0.35 $0.37 $0.42 $0.49 $0.66 $0.70 $0.71 $0.71 $0.71 130.47% <-Total Growth 10 Dividends CDN$
Increase 3.55% 49.01% 2.20% 34.42% -12.52% -5.06% 2.44% 3.23% 14.46% 16.50% 34.48% 6.53% 2.37% 0.00% 0.00% Count 30 Years of data CDN$
Dividends 5 Yr Running $0.20 $0.22 $0.24 $0.29 $0.32 $0.35 $0.36 $0.37 $0.37 $0.39 $0.46 $0.52 $0.59 $0.65 $0.70 140.42% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 1.37% 1.44% 1.16% 2.43% 2.69% 1.89% 1.77% 1.70% 1.62% 1.48% 1.49% 1.64% 1.67% <-Median-> 10 Yield H/L Price CDN$
Yield on High Price 1.15% 1.21% 0.98% 1.76% 2.13% 1.56% 1.60% 1.51% 1.50% 1.26% 1.36% 1.46% 1.50% <-Median-> 10 Yield on High Price CDN$
Yield on Low Price 1.69% 1.79% 1.41% 3.91% 3.67% 2.41% 1.99% 1.94% 1.75% 1.81% 1.66% 1.86% 1.90% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 1.17% 1.21% 1.32% 3.32% 2.33% 1.56% 1.89% 1.50% 1.52% 1.26% 1.53% 1.58% 1.34% 1.34% 1.34% 1.54% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 9.64% 20.53% 37.90% 142.16% 73.24% 22.32% 17.99% 27.92% 88.73% 14.56% 20.94% 33.55% 124.44% 52.34% 28.57% 30.73% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 26.84% 22.39% 21.30% 23.99% 27.85% 33.62% 31.60% 29.98% 24.52% 18.51% 18.65% 21.26% 25.62% 30.39% 36.24% 24.25% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 18.31% 23.06% 8.35% 52.99% 25.35% 22.01% 47.34% 22.61% 74.79% 16.35% 16.32% 16.16% 11.69% 15.51% 11.31% 22.31% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 20.01% 20.53% 14.20% 14.93% 16.29% 16.94% 18.46% 24.27% 23.11% 20.16% 18.66% 16.62% 14.66% 14.68% 13.78% 17.70% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 20.96% 16.18% 15.14% 44.98% 17.59% 14.76% 33.51% 22.39% 60.48% 13.31% 16.40% 13.89% 11.69% 15.51% #DIV/0! 16.99% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 24.28% 20.15% 17.96% 16.91% 16.65% 15.86% 17.64% 18.96% 17.86% 16.12% 16.43% 14.70% 13.32% 13.80% #DIV/0! 16.78% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values 5 Yr Med 5 Yr Cl 1.62% 1.52% 5 Yr Med Payout 27.92% 16.35% 16.40% 8.71% <-IRR #YR-> 10 Dividends 130.47% CDN$
* Dividends per share 5 Yr Med and Cur. -16.88% -11.78% Last Div Inc ---> $0.11 $0.12 5.9% 14.55% <-IRR #YR-> 5 Dividends 97.20% CDN$
-$0.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.70
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.70
Historical Dividends Historical High Div 13.01% Low Div 1.18% Ave Div 7.10% Med Div 2.56% Close Div 3.46% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -89.68% Exp 13.82% Exp. -81.07% Exp. -47.54% Exp. -61.18% High/Ave/Median CDN$
Future Dividend Yield Div Yd 1.59% earning in 5 Years at IRR of 3.4% Div Inc. 18.08% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 1.87% earning in 10 Years at IRR of 3.4% Div Inc. 39.43% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 2.21% earning in 15 Years at IRR of 3.4% Div Inc. 64.64% Future Dividend Yield CDN$
Cost covered if held 5 years 37.64% 31.70% 27.60% 50.93% 25.58% 16.89% 12.18% 9.75% 19.78% 26.29% 21.17% 21.05% 21.15% 12.78% 10.64% 21.11% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 57.73% 46.59% 74.00% 99.91% 129.32% 132.59% 105.95% 87.77% 129.62% 64.05% 42.93% 32.23% 26.75% 39.07% 52.17% 93.84% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 232.70% 123.03% 116.81% 95.00% 151.96% 200.40% 262.68% 279.01% 228.15% 192.72% 206.38% 101.91% 200.40% <-Median-> 9 Paid Median Price CDN$
Cost covered if held 20 years 396.31% 212.29% 207.92% 174.67% 287.95% 298.43% 393.94% 210.11% <-Median-> 4 Paid Median Price CDN$
Cost covered if held 25 years 555.92% 300.15% #NUM! <-Median-> 0 Paid Median Price CDN$
Yield if held 5 yrs 7.70% 8.80% 7.13% 9.65% 3.94% 2.33% 1.69% 1.36% 2.44% 3.61% 3.59% 3.49% 3.32% 2.76% 2.17% 3.54% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 yrs 4.79% 5.74% 9.24% 12.33% 13.66% 13.10% 10.28% 8.42% 9.70% 5.28% 4.42% 3.33% 2.67% 4.17% 5.29% 9.47% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 yrs 20.07% 9.14% 8.15% 6.70% 10.91% 12.39% 18.29% 24.84% 20.28% 16.46% 16.58% 7.74% 12.39% <-Median-> 9 Paid Median Price CDN$
Yield if held 20 yrs 20.18% 12.24% 15.45% 13.22% 21.33% 21.17% 26.82% 14.34% <-Median-> 4 Paid Median Price CDN$
Yield if held 25 yrs 34.48% 17.95% #NUM! <-Median-> 0 Paid Median Price CDN$
Graham No. $16.93 $15.47 $11.74 $11.46 $9.35 $21.94 $28.64 $24.03 $31.93 $45.24 $46.77 $38.42 $19.60 $30.22 $40.91 148.44% <-Total Growth 10 Graham price CDN$
Price/GP Ratio Med 0.88 1.36 2.28 1.50 1.44 0.83 0.70 0.90 0.81 0.73 0.94 1.11 2.49 0.92 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.04 1.62 2.69 2.07 1.83 1.01 0.77 1.01 0.87 0.86 1.03 1.24 2.76 1.02 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.71 1.09 1.87 0.93 1.06 0.65 0.62 0.78 0.75 0.60 0.84 0.98 2.22 0.81 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.03 1.62 2.00 1.09 1.67 1.01 0.65 1.01 0.86 0.86 0.92 1.15 2.72 1.76 1.30 1.01 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 2.59% 61.95% 99.89% 9.46% 66.69% 0.87% -34.74% 1.08% -13.94% -14.22% -8.15% 15.29% 171.52% 76.08% 30.10% 0.97% <-Median-> 10 Graham Price
pre-split 04 Stock Price CDN$
pre-split 06 Stock Price CDN$
pre-split 07 Stock Price CDN$
pre-split 15 $26.05 $37.57 $35.20 $18.81 $23.39 $33.20 $28.04 $36.44 $41.22 Stock Price CDN$
Price Close CDN$ $17.37 $25.05 $23.47 $12.54 $15.59 $22.13 $18.69 $24.29 $27.48 $38.81 $42.96 $44.30 $53.22 $53.22 $53.22 76.87% <-Total Growth 10 Stock Price CDN$
Increase 35.82% 44.22% -6.31% -46.56% 24.35% 41.94% -15.54% 29.96% 13.12% 41.23% 10.69% 3.12% 20.14% 0.00% 0.00% 5.87% <-IRR #YR-> 10 Stock Price 76.87% CDN$
P/E 8.23 16.97 28.73 15.07 31.37 14.29 9.50 18.56 12.42 10.75 13.73 21.29 92.66 38.97 21.27 18.83% <-IRR #YR-> 5 Stock Price 136.98% CDN$
Trailing P/E 24.08 11.88 15.90 15.35 18.73 44.53 12.07 12.35 20.99 17.54 11.89 14.16 25.57 92.66 38.97 7.94% <-IRR #YR-> 10 Price & Div CDN$
Median 10, 5 Yrs D. per yr 2.07% 3.39% % Tot Ret 26.08% 15.24% Price Inc 13.12% P/E: 14.68 13.73 22.22% <-IRR #YR-> 5 Price & Div CDN$
-$25.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44.30
-$18.69 $0.00 $0.00 $0.00 $0.00 $44.30
-$25.05 $0.31 $1.18 $0.36 $0.35 $0.35 $0.37 $1.96 $0.53 $0.66 $45.00
-$18.69 $0.37 $1.96 $0.53 $0.66 $45.00
Price H/L Median CDN$ $14.84 $20.99 $26.80 $17.15 $13.52 $18.25 $19.99 $21.55 $25.89 $32.88 $43.88 $42.64 $48.86 103.12% <-Total Growth 10 Stock Price CDN$
Increase 60.60% 41.47% 27.68% -36.00% -21.20% 35.02% 9.55% 7.77% 20.16% 26.99% 33.46% -2.84% 14.59% 7.34% <-IRR #YR-> 10 Stock Price 103.12% CDN$
P/E 7.04 14.22 32.81 20.61 27.19 11.78 10.16 16.46 11.70 9.10 14.02 20.49 85.06 16.35% <-IRR #YR-> 5 Stock Price 113.25% CDN$
Trailing P/E 20.58 9.95 18.16 21.00 16.24 36.72 12.91 10.95 19.78 14.86 12.15 13.62 23.47 9.67% <-IRR #YR-> 10 Price & Div CDN$
P/E on Run. 5 yr Ave 20.04 21.52 23.81 14.40 11.79 17.65 17.65 17.50 17.18 15.44 17.94 17.27 21.04 19.63% <-IRR #YR-> 5 Price & Div CDN$
P/E on Run. 10 yr Ave 24.20 28.54 35.68 21.65 16.90 20.57 18.97 18.29 19.19 20.07 25.22 23.68 27.50 13.24 P/E Ratio Historical Median
Median 10, 5 Yrs D. per yr 2.33% 3.27% % Tot Ret 24.09% 16.68% Price Inc 20.16% P/E: 15.24 14.02 Count 24 Years of data
-$20.99 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.64
-$19.99 $0.00 $0.00 $0.00 $0.00 $42.64
-$20.99 $0.31 $1.18 $0.36 $0.35 $0.35 $0.37 $1.96 $0.53 $0.66 $43.33
-$19.99 $0.37 $1.96 $0.53 $0.66 $43.33
High Mths CDN$ Dec Dec May May Sep Dec Jan Dec Oct Dec Apr Oct Oct
pre-split 04
pre-split 06
pre-split 07
pre-split 15 $26.43 $37.57 $47.41 $35.50 $25.68 $33.20 $33.28 $36.39 $41.83
Price High CDN$ $17.62 $25.05 $31.61 $23.67 $17.12 $22.13 $22.19 $24.26 $27.89 $38.81 $48.31 $47.80 $54.15 \ $34.04 90.84% <-Total Growth 10 Stock Price CDN$
Increase 30.39% 42.15% 26.19% -25.12% -27.66% 29.28% 0.24% 9.34% 14.95% 39.17% 24.48% -1.06% 13.28% 6.68% <-IRR #YR-> 10 Stock Price 90.84% CDN$
P/E 8.36 16.97 38.69 28.43 34.44 14.29 11.28 18.53 12.61 10.75 15.44 22.97 94.28 16.59% <-IRR #YR-> 5 Stock Price 115.44% CDN$
Trailing P/E 24.44 11.88 21.41 28.97 20.57 44.53 14.33 12.33 21.30 17.54 13.38 15.27 26.02 15.18 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 14.95% P/E: 16.98 15.44 24.49 P/E Ratio Historical High CDN$
-$25.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $47.80
-$22.19 $0.00 $0.00 $0.00 $0.00 $47.80
Low Mths CDN$ Jan Jan Nov Nov Mar Feb Nov Jan Jun Jan Jan Feb Jan
Price Low CDN$ $12.05 $16.93 $21.99 $10.64 $9.91 $14.37 $17.80 $18.83 $23.89 $26.95 $39.45 $37.47 $43.56 121.28% <-Total Growth 10 Stock Price CDN$
Increase 142.83% 40.49% 29.88% -51.62% -6.83% 44.92% 23.90% 5.81% 26.87% 12.78% 46.40% -5.02% 16.25% 8.27% <-IRR #YR-> 10 Stock Price 121.28% CDN$
P/E 5.72 11.47 26.93 12.78 19.94 9.28 9.05 14.39 10.80 7.46 12.61 18.00 75.84 16.05% <-IRR #YR-> 5 Stock Price 110.51% CDN$
Trailing P/E 16.72 8.03 14.90 13.03 11.91 28.90 11.49 9.57 18.25 12.18 10.92 11.97 20.93 11.14 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 12.78% P/E: 12.69 12.61 6.24 P/E Ratio Historical Low CDN$
-$16.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $37.47
Price Close US$ $15.11 $21.41 $23.78 $9.00 $14.79 $22.19 $18.32 $24.43 $25.89 $33.42 $30.98 $33.01 $41.70 $41.70 $41.70 54.16% <-Total Growth 10 Stock Price US$
Increase 44.67% 41.69% 11.05% -62.15% 64.30% 50.09% -17.45% 33.37% 5.95% 29.10% -7.30% 6.55% 26.33% 0.00% 0.00% 4.42% <-IRR #YR-> 10 Stock Price 54.16% US$
P/E 8.33 16.91 28.77 13.24 31.24 14.29 9.51 18.60 12.45 10.73 13.71 21.30 92.67 38.97 21.28 12.50% <-IRR #YR-> 5 Stock Price 80.19% US$
Trailing P/E 25.25 11.81 18.77 10.89 21.75 46.89 11.79 12.68 19.71 16.07 9.95 14.61 26.90 92.67 38.97 6.71% <-IRR #YR-> 10 Price & Div US$
Median 10, 5 Yrs D. per yr 2.29% 3.34% % Tot Ret 34.08% 21.11% Price Inc 6.55% P/E: 14.00 13.71 15.84% <-IRR #YR-> 5 Price & Div US$
-$21.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $33.01
-$18.32 $0.00 $0.00 $0.00 $0.00 $33.01
-$21.41 $0.31 $0.97 $0.35 $0.35 $0.35 $0.37 $1.85 $0.45 $0.47 $33.53
-$18.32 $0.37 $1.85 $0.45 $0.47 $33.53
Price H/L Median US$ $12.57 $18.26 $25.08 $16.40 $11.87 $17.79 $19.92 $21.55 $25.00 $28.98 $34.29 $31.46 $37.96 72.32% <-Total Growth 10 Stock Price US$
Increase 43.55% 45.24% 37.36% -34.59% -27.64% 49.90% 11.97% 8.15% 16.03% 15.93% 18.29% -8.24% 20.65% 5.59% <-IRR #YR-> 10 Stock Price 72.32% US$
P/E Ratio 6.93 14.41 30.33 24.12 25.08 11.45 10.34 16.41 12.02 9.31 15.17 20.30 84.34 9.57% <-IRR #YR-> 5 Stock Price 57.91% US$
Trailing P/E Ratio 21.00 10.07 19.80 19.84 17.46 37.59 12.83 11.18 19.04 13.93 11.01 13.92 24.49 14.21% <-IRR #YR-> 10 Price & Dividend US$
P/E on Run. 5 yr Ave 20.72 22.20 25.61 15.82 11.73 18.53 18.24 18.12 17.01 14.51 16.03 15.25 20.07 21.74% <-IRR #YR-> 5 Price & Dividend US$
P/E on Run. 10 yr Ave 27.95 31.67 40.92 25.09 17.66 22.72 20.82 19.87 19.95 19.26 22.13 19.94 24.65 13.60 P/E Ratio Historical Median US$
Median 10, 5 Yrs D. per yr 8.62% 12.17% % Tot Ret 60.64% 55.99% Price Inc 15.93% P/E: 15.79 15.17 Count 24 Years of data
-$18.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.46
-$19.92 $0.00 $0.00 $0.00 $0.00 $31.46
-$18.26 $1.15 $1.19 $0.85 $1.94 $2.39 $1.71 $2.67 $4.12 $3.69 $34.10
-$19.92 $1.71 $2.67 $4.12 $3.69 $34.10
High Months US$ Dec Dec May May Sep Dec Feb Sep Oct Nov Apr Oct Oct
pre-split 15 $22.68 $32.81 $43.33 $36.80 $24.06 $33.29 $33.90 $36.74 $40.69
Price High US$ $15.12 $21.87 $28.89 $24.53 $16.04 $22.19 $22.60 $24.49 $27.13 $33.54 $38.66 $36.09 $42.97 65.00% <-Total Growth 10 Stock Price US$
Increase 33.41% 44.66% 32.06% -15.07% -34.62% 38.36% 1.83% 8.38% 10.75% 23.64% 15.27% -6.65% 19.06% 5.13% <-IRR #YR-> 10 Stock Price 65.00% US$
P/E Ratio 8.34 17.27 34.94 36.08 33.89 14.29 11.73 18.65 13.04 10.77 17.11 23.28 95.49 9.81% <-IRR #YR-> 5 Stock Price 59.69% US$
Trailing P/E Ratio 25.26 12.06 22.81 29.68 23.59 46.89 14.55 12.71 20.65 16.13 12.42 15.97 27.72 16.45 P/E Ratio Historical Median US$
Median 10, 5 Yrs Price Inc 10.75% P/E: 17.88 17.11 31.77 P/E Ratio Historical High US$
-$21.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $36.09
-$22.60 $0.00 $0.00 $0.00 $0.00 $36.09
Low Momths US$ Jan Jan Aug Nov Mar Jan Nov Jan Jun Jan Sep Feb Jan US$
pre-split 15 $15.03 $21.96 $31.90 $12.41 $11.55 $20.09 $25.87 $27.90 $34.31
Price Low US$ $10.02 $14.64 $21.27 $8.27 $7.70 $13.39 $17.25 $18.60 $22.87 $24.43 $29.91 $26.83 $32.94 83.27% <-Total Growth 10 Stock Price US$
Increase 62.14% 46.11% 45.26% -61.10% -6.93% 73.94% 28.77% 7.85% 22.97% 6.79% 22.45% -10.30% 22.77% 6.24% <-IRR #YR-> 10 Stock Price 83.27% US$
P/E Ratio 5.53 11.56 25.73 12.17 16.27 8.62 8.95 14.16 11.00 7.85 13.23 17.31 73.20 9.24% <-IRR #YR-> 5 Stock Price 55.57% US$
Trailing P/E Ratio 16.74 8.07 16.79 10.01 11.32 28.30 11.10 9.65 17.42 11.74 9.61 11.87 21.25 10.66 P/E Ratio Historical Median US$
Median 10, 5 Yrs Price Inc 7.85% P/E: 12.70 13.23 7.87 P/E Ratio Historical Low US$
-$14.64 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $26.83
-$17.25 $0.00 $0.00 $0.00 $0.00 $26.83
Mortages US$ $48,693 $54,347 $60,391 $67,075 Mortages US$
Change 11.61% 11.12% 11.07% 11.37% <-Median-> 2 Change US$
Mortages CDN$ $56,489 $75,257 $81,087 $85,615 Mortages CDN$
Change 33.22% 7.75% 5.58% 20.49% <-Median-> 2 Change CDN$
Ratio to Market Cap 1.57 1.82 1.91 1.68 1.82 <-Median-> 3 % of Market C. CDN$
Debt US$ $4,075 $3,936 $4,500 $4,924 Debt US$
Change -3.41% 14.33% 9.42% 5.46% <-Median-> 2 Change US$
Debt CDN$ $4,727 $5,450 $6,042 $6,285 Debt CDN$
Change 15.29% 10.86% 4.02% 13.08% <-Median-> 2 Change CDN$
Ratio to Market Cap 0.13 0.13 0.14 0.12 0.13 <-Median-> 3 % of Market C. CDN$
Goodwill and Intangibles $6,575 $8,254 $6,632 $5,733 $7,713 $9,856 $19,151 Intangibles Goodwill US$
Change 25.54% -19.65% -13.56% 34.54% 27.78% 94.31% 25.54% <-Median-> 5 Change US$
Goodwill and Intangibles $6,715 $8,228 $7,054 $6,651 $10,681 $13,234 $24,444 Intangibles Goodwill CDN$
Change 22.52% -14.27% -5.71% 60.59% 23.90% 84.71% 22.52% <-Median-> 5 Change CDN$
Ratio to Market Cap 0.39 0.37 0.28 0.18 0.26 0.31 0.48 0.29 <-Median-> 6 % of Market C. CDN$
Market Cap US$ $13,139 $18,688 $20,817 $7,731 $12,706 $20,488 $16,912 $22,556 $23,898 $31,020 $29,781 $31,629 $39,979 $39,979 $39,979 69.25% <-Total Growth 10 Market Cap US$
Market Cap CDN$ $15,098 $21,859 $20,543 $10,772 $13,399 $20,433 $17,257 $22,427 $25,369 $36,023 $41,297 $42,447 $51,023 $51,023 $51,023 94.19% <-Total Growth 10 Market Cap CDN$
Unexercised Options 56.811 57.603 53.406 55.009 41.979 43.799 49.313 Options
Shares and Options 979.976 980.768 976.571 983.194 1003.269 1001.967 1008.033 Shares and Options
Options % of Shares O/S 6.2% 6.2% 5.8% 5.9% 4.4% 4.6% 5.1% Options % of Shares O/S
Diluted # of Shares in Million 858.3 911.3 979.5 973.5 955.2 950.4 975.7 976.6 977.8 13.78% <-Total Growth 7 Diluted
Change 6.17% 7.49% -0.61% -1.88% -0.50% 2.66% 0.09% 0.12% 0.09% <-Median-> 7 Change
Basic # of Shares in Millions 858.3 862.4 924.3 928.4 924.2 925.1 949.7 959.0 958.5 11.73% <-Total Growth 7 Basic
Change 0.47% 7.18% 0.44% -0.45% 0.10% 2.66% 0.98% -0.05% 0.47% <-Median-> 7 Change
Difference 0.1% 7.1% -0.1% -0.6% -0.1% 0.3% 1.2% -0.1% 0.0% 0.02% <-Median-> 8 Difference
$3,697 <-12 mths 19.92%
Class A 923.080 923.080 923.080 923.080 928.100 961.206 958.083 958.634 958.634 958.634 99.99% are of Class A
Class B 0.085 0.085 0.085 0.085 0.085 0.085 0.085 0.085 0.085 0.085 0.01% are of Class B
# of Share in Millions 869.359 872.724 875.419 858.982 859.302 923.165 923.165 923.165 923.165 928.185 961.291 958.168 958.720 958.720 958.720 0.94% <-IRR #YR-> 10 Shares 9.79%
Change -0.43% 0.39% 0.31% -1.88% 0.04% 7.43% 0.00% 0.00% 0.00% 0.54% 3.57% -0.32% 0.06% 0.00% 0.00% 0.75% <-IRR #YR-> 5 Shares 3.79%
CF fr Op US $M US$ $830.0 $984.0 $3,284 $1,567 $1,175 $1,454 $676 $1,497 $2,278 $2,574 $2,788 $3,083 $4,592 $3,461 $4,746 213.31% <-Total Growth 10 Cash Flow US$
Increase -4.82% 18.55% 233.74% -52.28% -25.02% 23.74% -53.51% 121.45% 52.17% 12.99% 8.31% 10.58% 48.95% -24.63% 37.12% Drip, SO Buy Backs, S. Iss
5 year Running Average $657 $751 $1,342 $1,507 $1,568 $1,693 $1,631 $1,274 $1,416 $1,696 $1,963 $2,444 $3,063 $3,300 $3,734 225.61% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $0.95 $1.13 $3.75 $1.82 $1.37 $1.58 $0.73 $1.62 $2.47 $2.77 $2.90 $3.22 $4.79 $3.61 $4.95 185.37% <-Total Growth 10 Cash Flow per Share US$
Increase -4.40% 18.10% 232.71% -51.37% -25.04% 15.18% -53.51% 121.45% 52.17% 12.38% 4.58% 10.94% 48.87% -24.63% 37.12% 12.10% <-IRR #YR-> 10 Cash Flow 213.31% US$
5 year Running Average $0.76 $0.86 $1.54 $1.73 $1.81 $1.93 $1.85 $1.42 $1.55 $1.83 $2.10 $2.60 $3.23 $3.46 $3.89 35.46% <-IRR #YR-> 5 Cash Flow 356.07% US$
P/CF on Med Price 13.17 16.19 6.68 8.99 8.68 11.30 27.21 13.29 10.13 10.45 11.82 9.78 7.92 11.06% <-IRR #YR-> 10 Cash Flow per Share 185.37% US$
P/CF on Closing Price 15.83 18.99 6.34 4.93 10.81 14.09 25.02 15.07 10.49 12.05 10.68 10.26 8.71 34.45% <-IRR #YR-> 5 Cash Flow per Share 339.40% US$
-15.41% Diff M/C 11.66% <-IRR #YR-> 10 CFPS 5 yr Running 201.31% US$
Excl.Working Capital CF -$105.0 $418.0 -$1,472 $279.0 $519.0 $714.0 $279.0 $15.0 $539.0 $587.0 -$14.0 $504.0 $0.0 $0.0 $0.0 7.01% <-IRR #YR-> 5 CFPS 5 yr Running 40.32% US$
CF fr Op $M WC US$ $725 $1,402 $1,812 $1,846 $1,694 $2,168 $955 $1,512 $2,817 $3,161 $2,774 $3,587 $4,592 $3,461 $4,746 155.85% <-Total Growth 10 Cash Flow less WC US$
Increase 7.57% 93.38% 29.24% 1.88% -8.23% 27.98% -55.95% 58.32% 86.31% 12.21% -12.24% 29.31% 28.03% -24.63% 37.12% 9.85% <-IRR #YR-> 10 Cash Flow less WC 155.85% US$
5 year Running Average $541 $763 $1,037 $1,292 $1,496 $1,784 $1,695 $1,635 $1,829 $2,123 $2,244 $2,770 $3,386 $3,515 $3,832 30.30% <-IRR #YR-> 5 Cash Flow less WC 275.60% US$
CFPS Excl. WC US$ $0.83 $1.61 $2.07 $2.15 $1.97 $2.35 $1.03 $1.64 $3.05 $3.41 $2.89 $3.74 $4.79 $3.61 $4.95 13.76% <-IRR #YR-> 10 CF less WC 5 Yr Run 263.07% US$
Increase 8.03% 92.63% 28.85% 3.83% -8.27% 19.13% -55.95% 58.32% 86.31% 11.60% -15.27% 29.73% 27.95% -24.63% 37.12% 10.32% <-IRR #YR-> 5 CF less WC 5 Yr Run 63.43% US$
5 year Running Average $0.62 $0.88 $1.19 $1.49 $1.73 $2.03 $1.91 $1.83 $2.01 $2.30 $2.40 $2.94 $3.58 $3.69 $4.00 8.83% <-IRR #YR-> 10 CFPS - Less WC 133.03% US$
P/CF on Med Price 15.07 11.36 12.12 7.63 6.02 7.58 19.26 13.16 8.19 8.51 11.88 8.40 7.92 29.33% <-IRR #YR-> 5 CFPS - Less WC 261.88% US$
P/CF on Closing Price 18.12 13.33 11.49 4.19 7.50 9.45 17.71 14.92 8.48 9.81 10.74 8.82 8.71 11.55 8.42 12.90% <-IRR #YR-> 10 CFPS 5 yr Running 236.51% US$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 10.29 5 yr 10.45 P/CF Med 10 yr 8.46 5 yr 8.51 2.94% Diff M/C 8.99% <-IRR #YR-> 5 CFPS 5 yr Running 53.81% US$
$4,719 <-12 mths 13.99%
CF fr Op $M CDN$ $965.3 $1,146.6 $3,244.9 $1,918.0 $1,233.9 $1,450 $690 $1,492 $2,423 $2,986 $3,861 $4,140 $5,862 $4,418 $6,057 261.04% <-Total Growth 10 Cash Flow CDN$
Increase -8.12% 18.78% 183.01% -40.89% -35.67% 17.49% -52.37% 116.14% 62.36% 23.25% 29.29% 7.22% 41.60% -24.63% 37.12% Drip, SO Buy Backs, S. Iss
5 year Running Average $863 $927 $1,473 $1,665 $1,702 $1,799 $1,707 $1,357 $1,458 $1,808 $2,290 $2,980 $3,854 $4,253 $4,867 221.51% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $1.11 $1.31 $3.71 $2.23 $1.44 $1.57 $0.75 $1.62 $2.62 $3.22 $4.02 $4.32 $6.11 $4.61 $6.32 228.85% <-Total Growth 10 Cash Flow per Share CDN$
Increase -7.72% 18.32% 182.14% -39.76% -35.69% 9.36% -52.37% 116.14% 62.36% 22.58% 24.84% 7.57% 41.52% -24.63% 37.12% 13.70% <-IRR #YR-> 10 Cash Flow 261.04% CDN$
5 year Running Average $0.99 $1.06 $1.69 $1.91 $1.96 $2.05 $1.94 $1.52 $1.60 $1.96 $2.44 $3.16 $4.06 $4.46 $5.08 43.08% <-IRR #YR-> 5 Cash Flow 499.57% CDN$
P/CF on Med Price 13.36 15.98 7.23 7.68 9.41 11.62 26.73 13.33 9.86 10.22 10.93 9.87 7.99 12.64% <-IRR #YR-> 10 Cash Flow per Share 228.85% CDN$
P/CF on Closing Price 15.64 19.06 6.33 5.62 10.86 14.09 25.00 15.03 10.47 12.06 10.70 10.25 8.70 11.55 8.42 42.02% <-IRR #YR-> 5 Cash Flow per Share 477.67% CDN$
-13.34% Diff M/C 11.50% <-IRR #YR-> 10 CFPS 5 yr Running 196.94% CDN$
Excl.Working Capital CF -$122.1 $487.1 -$1,454 $341.5 $545.0 $711.9 $285.0 $15.0 $573.3 $681.0 -$19.4 $676.7 $0.0 $0.0 10.26% <-IRR #YR-> 5 CFPS 5 yr Running 62.94% CDN$
CF fr Op $M WC CDN$ $843.2 $1,633.6 $1,790.4 $2,259.5 $1,778.9 $2,161.5 $975.4 $1,507.2 $2,996.2 $3,667.1 $3,841.3 $4,816.3 $5,861.6 $4,417.6 194.82% <-Total Growth 10 Cash Flow less WC CDN$
Increase 3.83% 93.75% 9.60% 26.20% -21.27% 21.51% -54.88% 54.53% 98.79% 22.39% 4.75% 25.38% 21.70% -24.63% 11.42% <-IRR #YR-> 10 Cash Flow less WC 194.82% CDN$
5 year Running Average $712 $945 $1,164 $1,468 $1,661 $1,925 $1,793 $1,736 $1,884 $2,261 $2,597 $3,366 $4,236 $4,521 37.63% <-IRR #YR-> 5 Cash Flow less WC 393.79% CDN$
CFPS Excl. WC CDN$ $0.97 $1.87 $2.05 $2.63 $2.07 $2.34 $1.06 $1.63 $3.25 $3.95 $4.00 $5.03 $6.11 $4.61 13.54% <-IRR #YR-> 10 CF less WC 5 Yr Run 256.10% CDN$
Increase 4.29% 93.00% 9.26% 28.61% -21.30% 13.10% -54.88% 54.53% 98.79% 21.73% 1.14% 25.79% 21.63% -24.63% 13.42% <-IRR #YR-> 5 CF less WC 5 Yr Run 87.69% CDN$
5 year Running Average $0.82 $1.08 $1.34 $1.69 $1.92 $2.19 $2.03 $1.95 $2.07 $2.45 $2.78 $3.57 $4.47 $4.74 10.38% <-IRR #YR-> 10 CFPS - Less WC 168.53% CDN$
P/CF on Med Price 15.30 11.21 13.10 6.52 6.53 7.79 18.92 13.20 7.98 8.32 10.98 8.48 7.99 36.61% <-IRR #YR-> 5 CFPS - Less WC 375.75% CDN$
P/CF on Closing Price 17.91 13.38 11.47 4.77 7.53 9.45 17.69 14.88 8.47 9.82 10.75 8.81 8.70 11.55 12.66% <-IRR #YR-> 10 CFPS 5 yr Running 229.46% CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 10.04 5 yr 10.22 P/CF Med 10 yr 8.40 5 yr 8.48 3.60% Diff M/C 11.97% <-IRR #YR-> 5 CFPS 5 yr Running 75.98% CDN$
-$1.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.74 CFPS - Less WC US$
-$1.03 $0.00 $0.00 $0.00 $0.00 $3.74 CFPS - Less WC US$
-$0.88 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.94 CFPS 5 yr Running US$
-$1.91 $0.00 $0.00 $0.00 $0.00 $2.94 CFPS 5 yr Running US$
-$1,147 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,140 Cash Flow CDN$
-$690 $0 $0 $0 $0 $4,140 Cash Flow CDN$
-$1.31 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.32 Cash Flow per Share CDN$
-$0.75 $0.00 $0.00 $0.00 $0.00 $4.32 Cash Flow per Share CDN$
-$1.06 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.16 CFPS 5 yr Running CDN$
-$1.94 $0.00 $0.00 $0.00 $0.00 $3.16 CFPS 5 yr Running CDN$
-$1,634 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,816 Cash Flow less WC CDN$
-$975 $0 $0 $0 $0 $4,816 Cash Flow less WC CDN$
-$945 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,366 CF less WC 5 Yr Run CDN$
-$1,793 $0 $0 $0 $0 $3,366 CF less WC 5 Yr Run CDN$
-$1.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.03 CFPS - Less WC CDN$
-$1.06 $0.00 $0.00 $0.00 $0.00 $5.03 CFPS - Less WC CDN$
-$1.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.57 CFPS 5 yr Running CDN$
-$2.03 $0.00 $0.00 $0.00 $0.00 $3.57 CFPS 5 yr Running CDN$
Net change in non-cash working capital and other balances -$279 -$15 -$539 -$587 $14 -$504
Investments in residential inventory -$861 -$378 $57 -$128 -$243
           
Sum -$279 -$876 -$917 -$530 -$114 -$747
Google -$917 -$530 -$114 -$747
Difference $0 $0 $0 $0
OPM 15.79% 14.27% 35.15% 12.18% 9.73% 12.03% 4.25% 8.01% 10.94% 14.02% 14.00% 12.63% -11.48% <-Total Growth 10 OPM CDN$
Increase -29.39% -9.65% 146.37% -65.35% -20.14% 23.74% -64.72% 88.57% 36.59% 28.17% -0.11% -9.79% Should increase or be stable. CDN$
Diff from Ave 30.4% 17.9% 190.3% 0.6% -19.7% -0.6% -64.9% -33.9% -9.7% 15.8% 15.7% 4.3% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 12.11% 5 Yrs 12.63% should be zero, it is a check on calculations CDN$
Cash Rev Inv US$ $11,412 $10,229 $10,229 $16,073 $19,850 $18,583 $19,479 $21,567 $23,464 $21,255 $23,481 $26,900 Liquidity ratio of 1.5 and up, best US$
Accounts Payable $10,055 $9,863 $5,917 $8,872 $10,334 $9,266 $9,266 $10,316 $10,408 $11,366 $11,915 $15,870 1.95 <-Median-> 10 Ratio 105.76% US$
Liquidity 1.13 1.04 1.73 1.81 1.92 2.01 2.10 2.09 2.25 1.87 1.97 1.70 2.09 <-Median-> 5 Ratio 26.36% US$
Assets US$ $26,058 $40,708 $55,579 $53,611 $61,902 $78,131 $91,030 $108,644 $112,745 $129,480 $139,514 $159,826 $178,183 Debt Ratio of 1.5 and up, best US$
Liabilities $19,045 $30,890 $43,295 $41,502 $45,386 $48,939 $53,623 $64,393 $65,219 $76,233 $82,287 $90,138 $104,138 1.69 <-Median-> 10 Ratio US$
Debt Ratio 1.37 1.32 1.28 1.29 1.36 1.60 1.70 1.69 1.73 1.70 1.70 1.77 1.71 1.70 <-Median-> 5 Ratio US$
Liabilites Check $19,045 $30,890 $43,295 $41,502 $45,386 $48,939 $53,623 $64,393 $65,219 $76,233 $82,287 $90,138 $104,138
Total Book Value $7,013 $9,818 $12,284 $12,109 $16,516 $29,192 $37,407 $44,251 $47,526 $53,247 $57,227 $69,688 $74,045 Liabilites Check US$
Preferred Equity US$ $515 $689 $870 $870 $1,144 $1,658 $2,140 $2,901 $3,098 $3,549 $3,739 $3,954 $3,949 Pref. Equity US$
Non-Cont. Int US$ $1,984 $3,734 $4,770 $6,321 $8,969 $14,739 $18,516 $23,190 $26,647 $29,545 $31,920 $43,235 $47,767 Non-Cont. Int US$
Book Value US$ $4,514 $5,395 $6,644 $4,918 $6,403 $12,795 $16,751 $18,160 $17,781 $20,153 $21,568 $22,499 $22,329 $22,329 $22,329 317.03% <-Total Growth 10 Book Value US$
Book Value per share $5.19 $6.18 $7.59 $5.73 $7.45 $13.86 $18.15 $19.67 $19.26 $21.71 $22.44 $23.48 $23.29 $23.29 $23.29 279.85% <-Total Growth 10 Book Value per share US$
Change 38.35% 19.06% 22.77% -24.56% 30.15% 86.00% 30.92% 8.41% -2.09% 12.73% 3.34% 4.66% -0.81% 0.00% 0.00% 33.88% P/B Ratio Current/10 Year Median US$
P/B Ratio (Median) 2.42 2.95 3.30 2.87 1.59 1.28 1.10 1.10 1.30 1.33 1.53 1.34 1.63 1.34 P/B Ratio Historical Median US$
P/B Ratio (Close) 2.91 3.46 3.13 1.57 1.98 1.60 1.01 1.24 1.34 1.54 1.38 1.41 1.79 14.28% <-IRR #YR-> 10 Book Value per share 279.85% US$
Change 4.57% 19.01% -9.55% -49.83% 26.24% -19.31% -36.95% 23.02% 8.21% 14.53% -10.29% 1.81% 27.36% -100.00% #DIV/0! 5.29% <-IRR #YR-> 5 Book Value per share 29.41% US$
Leverage (A/BK) 3.72 4.15 4.52 4.43 3.75 2.68 2.43 2.46 2.37 2.43 2.44 2.29 2.41 2.45 <-Median-> 10 A/BV US$
Debt/Equity Ratio 2.72 3.15 3.52 3.43 2.75 1.68 1.43 1.46 1.37 1.43 1.44 1.29 1.41 1.45 <-Median-> 10 Debt/Eq Ratio US$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.34 5 yr Med 1.33 33.88% Diff M/C 2.45 Historical Leverage (A/BK) US$
-$6.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $23.48
-$18.15 $0.00 $0.00 $0.00 $0.00 $23.48
Cash Rev Inv CDN $13,297 $10,107 $12,520 $16,879 $19,791 $18,979 $19,417 $22,939 $27,221 $29,433 $31,528 $34,335 Liquidity ratio of 1.5 and up, best CDN$
Current Liabability $11,716 $9,746 $7,242 $9,317 $10,303 $9,464 $9,237 $10,972 $12,074 $15,739 $15,998 $20,256 1.95 <-Median-> 10 Ratio 137.10% CDN$
Liquidity 1.13 1.04 1.73 1.81 1.92 2.01 2.10 2.09 2.25 1.87 1.97 1.70 2.09 <-Median-> 5 Ratio 66.12% CDN$
Liq. with CF aft div 1.21 1.34 1.85 1.91 2.03 2.04 2.23 2.15 2.46 2.08 2.19 1.95 2.19 <-Median-> 5 Ratio CDN$
Liq. CF re Inv+Div 0.63 0.77 1.64 1.51 1.71 1.55 1.49 1.54 1.28 1.05 1.27 1.95 1.28 <-Median-> 5 Ratio CDN$
Assets CDN$ $30,305 $47,433 $54,918 $65,620 $65,005 $77,897 $92,972 $108,300 $119,916 $150,210 $193,191 $214,598 $227,433 Debt Ratio of 1.5 and up, best CDN$
Liabilities $22,149 $35,993 $42,780 $50,798 $47,661 $48,792 $54,767 $64,189 $69,367 $88,438 $113,946 $121,028 $132,922 1.69 <-Median-> 10 Ratio CDN$
Debt Ratio 1.37 1.32 1.28 1.29 1.36 1.60 1.70 1.69 1.73 1.70 1.70 1.77 1.71 1.70 <-Median-> 5 Ratio CDN$
Liabilites Check CDN$ $22,149 $35,993 $42,780 $50,798 $47,661 $48,792 $54,767 $64,189 $69,367 $88,438 $113,946 $121,028 $132,922 Liabilites Check CDN$
Total Book Value $8,156 $11,440 $12,138 $14,821 $17,344 $29,105 $38,205 $44,111 $50,549 $61,772 $79,245 $93,570 $94,511 717.93% <-Total Growth 10 Total Book Value CDN$
Preferred Equity CDN$ $599 $803 $860 $1,065 $1,201 $1,653 $2,186 $2,892 $3,295 $4,117 $5,178 $5,309 $5,041 Pref. Equity CDN$
Non-Cont. Int CDN$ $2,307 $4,351 $4,713 $7,737 $9,419 $14,695 $18,911 $23,117 $28,342 $34,275 $44,201 $58,052 $60,970 Non-Cont. Int CDN$
Book Value CDN$ $5,250 $6,286 $6,565 $6,020 $6,724 $12,757 $17,108 $18,102 $18,912 $23,379 $29,866 $30,209 $28,501 $28,501 $28,501 380.56% <-Total Growth 10 Book Value CDN$
Book Value per share $6.04 $7.20 $7.50 $7.01 $7.82 $13.82 $18.53 $19.61 $20.49 $25.19 $31.07 $31.53 $29.73 $29.73 $29.73 337.71% <-Total Growth 10 Book Value per share CDN$
Change 33.55% 19.28% 4.11% -6.55% 11.66% 76.60% 34.11% 5.81% 4.47% 22.95% 23.35% 1.48% -5.71% 0.00% 0.00% 33.95% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 2.46 2.91 3.57 2.45 1.73 1.32 1.08 1.10 1.26 1.31 1.41 1.35 1.64 1.26 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 2.88 3.48 3.13 1.79 1.99 1.60 1.01 1.24 1.34 1.54 1.38 1.41 1.79 1.79 1.79 15.91% <-IRR #YR-> 10 Book Value per share CDN$
Change 1.70% 20.91% -10.01% -42.82% 11.37% -19.62% -37.02% 22.82% 8.28% 14.86% -10.26% 1.62% 27.41% 0.00% 0.00% 11.21% <-IRR #YR-> 5 Book Value per share CDN$
Leverage (A/BK) 3.72 4.15 4.52 4.43 3.75 2.68 2.43 2.46 2.37 2.43 2.44 2.29 2.41 2.45 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 2.72 3.15 3.52 3.43 2.75 1.68 1.43 1.46 1.37 1.43 1.44 1.29 1.41 1.45 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.34 5 yr Med 1.31 33.95% Diff M/C 2.83 Historical Leverage (A/BK) CDN$
-$7.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.53
-$18.53 $0.00 $0.00 $0.00 $0.00 $31.53
$1,782 <-12 mths -27.91%
Comprehensive Income US$ $3,390 $4,610 $3,828 $2,643 $5,620 $2,944 $6,151 81.45% <-Total Growth 6 Comprehensive Income US$
NCI $2,162 $1,858 $1,931 $1,318 $2,209 $1,383 $3,679 70.17% <-Total Growth 6 Comprehensive Income US$
Shareholders $1,134 $1,089 -$566 $1,829 $1,228 $2,752 $1,897 $1,325 $3,411 $1,561 $2,472 117.99% <-Total Growth 10 Comprehensive Income US$
Increase -3.97% -151.97% 423.14% -32.86% 124.10% -31.07% -30.15% 157.43% -54.24% 58.36% -30.2% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $943 $1,266 $1,428 $1,806 $2,123 $2,189 $2,133 8.10% <-IRR #YR-> 10 Comprehensive Income 117.99% US$
ROE 21.0% 16.4% -11.5% 28.6% 9.6% 16.4% 10.4% 7.5% 16.9% 7.2% 11.0% -2.12% <-IRR #YR-> 5 Comprehensive Income -10.17% US$
5Yr Median 16.4% 16.4% 10.4% 10.4% 10.4% 10.4% 10.4% 14.58% <-IRR #YR-> 6 5 Yr Running Average #DIV/0! US$
% Difference from NI -3.1% 38.4% -187.2% 302.9% -15.5% 40.6% 37.5% -37.5% 9.7% -33.3% 49.7% 10.99% <-IRR #YR-> 5 5 Yr Running Average 68.45% US$
Median Values Diff 5, 10 yr 23.6% 9.7% 10.4% <-Median-> 5 Return on Equity US$
-$1,134 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,472
-$2,752 $0 $0 $0 $0 $2,472
-$943 $0 $0 $0 $0 $0 $2,133
-$1,266 $0 $0 $0 $0 $2,133
Current Liability Coverage Ratio US$ 0.14 0.18 0.31 0.19 0.21 0.10 0.16 0.27 0.30 0.24 0.30 CFO / Current Liabilities US$
5 year Median 0.19 0.19 0.19 0.19 0.21 0.24 0.27 0.27 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio US$ 3.24% 4.01% 3.22% 4.21% 2.87% 2.77% 1.07% 1.39% 2.66% 2.83% 2.75% 3.01% CFO / Total Assets US$
5 year Median 4.06% 4.01% 4.01% 3.24% 3.22% 2.87% 2.77% 2.66% 2.66% 2.66% 2.75% 2.8% <-Median-> 5 Return on Assets US$
Return on Assets US$ 6.4% 2.9% 1.4% 1.2% 0.7% 1.9% 2.1% 1.3% 1.9% 2.4% 1.7% 1.0% Net Income/Assets Return on Assets US$
5Yr Median 2.9% 2.8% 2.8% 1.4% 1.4% 1.4% 1.3% 1.9% 1.9% 1.9% 1.7% 1.7% <-Median-> 5 Asset Efficiency Ratio US$
ROE US$ 36.8% 21.7% 11.8% 13.2% 7.1% 11.4% 11.7% 7.6% 11.9% 15.4% 10.9% 7.3% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median 21.7% 16.9% 16.9% 13.2% 11.8% 11.7% 11.4% 11.4% 11.7% 11.7% 10.9% 10.9% <-Median-> 5 Return on Equity US$
$1,397 <-12 mths -15.38%
Net Income US$ Total $3,195 $3,674 $2,747 $3,844 $5,209 $4,669 $3,338
NCI $1,741 $1,717 $1,367 $1,724 $2,099 $2,328 $1,687
Shareholders $1,662 $1,170 $787 $649 $454 $1,454 $1,957 $1,380 $2,120 $3,110 $2,341 $1,651 41.11% <-Total Growth 10 Net Income US$
Increase 199.46% -29.60% -32.74% -17.53% -30.05% 220.26% 34.59% -29.48% 53.62% 46.70% -24.73% -29.47% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $730 $925 $916 $965 $944 $903 $1,060 $1,179 $1,473 $2,004 $2,182 $2,120 3.50% <-IRR #YR-> 10 Net Income 41.11% US$
Operating Cash Flow $830 $984 $3,284 $1,567 $1,175 $1,454 $676 $1,497 $2,278 $2,574 $2,788 $3,083 -3.34% <-IRR #YR-> 5 Net Income -15.64% US$
Investment Cash Flow -$1,296 -$9,111 -$7,398 -$765 -$2,386 -$1,904 -$2,977 -$4,562 -$4,041 -$9,596 -$11,064 -$8,557 8.65% <-IRR #YR-> 10 5 Yr Running Average 129.23% US$
Total Accruals $2,128 $9,297 $4,901 -$153 $1,665 $1,904 $4,258 $4,445 $3,883 $10,132 $10,617 $7,125 14.87% <-IRR #YR-> 5 5 Yr Running Average 100.00% US$
Total Assets $26,058 $40,708 $55,579 $53,611 $61,902 $78,131 $91,030 $108,644 $112,745 $129,480 $139,514 $159,826 Balance Sheet Assets US$
Accruals Ratio 8.17% 22.84% 8.82% -0.29% 2.69% 2.44% 4.68% 4.09% 3.44% 7.83% 7.61% 4.46% 4.46% <-Median-> 5 Ratio US$
-$1,170 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,651
-$1,957 $0 $0 $0 $0 $1,651
-$925 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,120
-$1,060 $0 $0 $0 $0 $2,120
$2,275 <-12 mths -31.47%
Comprehensive Inc CDN$ $3,380 $4,708 $3,816 $2,811 $6,520 $4,077 $8,259 144.36% <-Total Growth 6 Comprehensive Income CDN$
NCI $2,156 $1,898 $1,925 $1,402 $2,563 $1,915 $4,940 129.17% <-Total Growth 6 Comprehensive Income CDN$
Shareholders $1,321 $1,076 -$693 $1,921 $1,224 $2,811 $1,891 $1,409 $3,957 $2,162 $3,319 151.20% <-Total Growth 10 Comprehensive Income CDN$
Increase -18.56% -164.38% 377.24% -36.26% 129.57% -32.72% -25.47% 180.79% -45.37% 53.55% -25.5% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $970 $1,268 $1,431 $1,851 $2,258 $2,446 $2,548 9.65% <-IRR #YR-> 10 Comprehensive Income 151.20% CDN$
ROE 21.0% 16.4% -11.5% 28.6% 9.6% 16.4% 10.4% 7.5% 16.9% 7.2% 11.0% 3.38% <-IRR #YR-> 5 Comprehensive Income 18.09% CDN$
5Yr Median 16.4% 16.4% 10.4% 10.4% 10.4% 10.4% 10.4% 17.46% <-IRR #YR-> 6 5 Yr Running Average #DIV/0! CDN$
% Difference from NI -3.1% 38.4% -187.2% 302.9% -15.5% 40.6% 37.5% -37.5% 9.7% -33.3% 49.7% 14.98% <-IRR #YR-> 5 5 Yr Running Average 100.95% CDN$
Median Values Diff 5, 10 yr 23.6% 9.7% 10.4% <-Median-> 5 Return on Equity CDN$
-$1,321 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,319
-$2,811 $0 $0 $0 $0 $3,319
-$970 $0 $0 $0 $0 $0 $2,548
-$1,268 $0 $0 $0 $0 $2,548
Current Liability Coverage Ratio 0.14 0.18 0.31 0.19 0.21 0.10 0.16 0.27 0.30 0.24 0.30 CFO / Current Liabilities CDN$
5 year Median 0.19 0.19 0.19 0.19 0.21 0.24 0.27 0.27 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 2.78% 3.44% 3.26% 3.44% 2.74% 2.77% 1.05% 1.39% 2.50% 2.44% 1.99% 2.24% CFO / Total Assets CDN$
5 year Median 3.05% 3.37% 3.37% 3.37% 3.26% 3.26% 2.77% 2.74% 2.50% 2.44% 1.99% 2.24% 2.2% <-Median-> 5 Return on Assets CDN$
Return on Assets CDN$ 6.4% 2.9% 1.4% 1.2% 0.7% 1.9% 2.1% 1.3% 1.9% 2.4% 1.7% 1.0% Net Income/Assets Return on Assets CDN$
5Yr Median 2.8% 2.9% 2.8% 2.8% 1.4% 1.4% 1.4% 1.3% 1.9% 1.9% 1.9% 1.7% 1.7% <-Median-> 5 Asset Efficiency Ratio CDN$
ROE CDN$ 36.8% 21.7% 11.8% 13.2% 7.1% 11.4% 11.7% 7.6% 11.9% 15.4% 10.9% 7.3% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 16.9% 21.7% 16.9% 16.9% 13.2% 11.8% 11.7% 11.4% 11.4% 11.7% 11.7% 10.9% 10.9% <-Median-> 5 Return on Equity CDN$
$1,783 <-12 mths -19.56%
Net Income CDN$ $3,185 $3,752 $2,738 $4,088 $6,043 $6,465 $4,482
NCI $1,736 $1,754 $1,363 $1,834 $2,435 $3,224 $2,265
Shareholders $1,933 $1,363 $778 $794 $477 $1,450 $1,999 $1,376 $2,255 $3,608 $3,242 $2,217 62.61% <-Total Growth 10 Net Income CDN$
Increase 189.07% -29.47% -42.96% 2.15% -39.98% 204.07% 37.88% -31.18% 63.91% 60.01% -10.15% -31.62% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $950 $1,161 $1,054 $1,107 $1,069 $972 $1,099 $1,219 $1,511 $2,137 $2,496 $2,539 4.98% <-IRR #YR-> 10 Net Income 62.61% CDN$
Operating Cash Flow $965 $1,147 $3,245 $1,918 $1,234 $1,450 $690 $1,492 $2,423 $2,986 $3,861 $4,140 2.09% <-IRR #YR-> 5 Net Income 10.91% CDN$
Investment Cash Flow -$1,507 -$10,616 -$7,310 -$936 -$2,506 -$1,898 -$3,040 -$4,548 -$4,298 -$11,132 -$15,321 -$11,489 8.14% <-IRR #YR-> 10 5 Yr Running Average 118.79% CDN$
Total Accruals $2,475 $10,833 $4,843 -$187 $1,748 $1,898 $4,349 $4,431 $4,130 $11,754 $14,702 $9,567 18.23% <-IRR #YR-> 5 5 Yr Running Average 130.97% CDN$
Total Assets $30,305 $47,433 $54,918 $65,620 $65,005 $77,897 $92,972 $108,300 $119,916 $150,210 $193,191 $214,598 Balance Sheet Assets CDN$
Accruals Ratio 8.17% 22.84% 8.82% -0.29% 2.69% 2.44% 4.68% 4.09% 3.44% 7.83% 7.61% 4.46% 4.46% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 2.17 0.79 0.40 0.32 0.24 0.66 1.86 0.80 0.68 0.91 0.78 0.41 0.67 <-Median-> 10 EPS/CF Ratio CDN$
CDN$
-$1,363 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,217
-$1,999 $0 $0 $0 $0 $2,217
-$1,161 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,539
-$1,099 $0 $0 $0 $0 $2,539
Chge in Close 35.82% 44.22% -6.31% -46.56% 24.35% 41.94% -15.54% 29.96% 13.12% 41.23% 10.69% 3.12% 20.14% 0.00% 0.00%
up/down/neutral down down down down down down count 7
Any Predictions? Yes % right count 1 14.29%
Financial Cash Flow US$ $1,013 $8,380 $4,471 -$1,121 $1,344 $854 $2,650 $3,923 $1,344 $6,633 $8,222 $6,993 C F Statement Financial CF US$
Total Accruals $1,115 $917 $430 $968 $321 $1,050 $1,608 $522 $2,539 $3,499 $2,395 $132 Accruals US$
Accruals Ratio 4.28% 2.25% 0.77% 1.81% 0.52% 1.34% 1.77% 0.48% 2.25% 2.70% 1.72% 0.08% 1.72% <-Median-> 5 Ratio US$
Financial Cash Flow CDN$ $1,178 $9,764 $4,418 -$1,372 $1,411 $851 $2,707 $3,911 $1,429 $7,695 $11,385 $9,390 C F Statement Financial CF CDN$
Total Accruals $1,297 $1,068 $425 $1,185 $337 $1,047 $1,642 $520 $2,700 $4,059 $3,316 $177 Accruals CDN$
Accruals Ratio 4.28% 2.25% 0.77% 1.81% 0.52% 1.34% 1.77% 0.48% 2.25% 2.70% 1.72% 0.08% 1.72% <-Median-> 5 Ratio CDN$
Cash US$ $0 $0 $0 $0 $1,309 $1,713 $2,027 $2,844 $1,375 $3,160 $2,774 $4,299 $4,429 Cash US$
Cash CDN$ $1,375 $1,708 $2,070 $2,835 $1,462 $3,666 $3,841 $5,772 $5,653 Cash CDN$
Cash per Share $1.60 $1.85 $2.24 $3.07 $1.58 $3.95 $4.00 $6.02 $5.90 $3.95 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 10.26% 8.36% 12.00% 12.64% 5.76% 10.18% 9.30% 13.60% 11.08% 10.18% <-Median-> 5 % of Stock Price CDN$
Notes
November 4, 2017. Last estimates were for 2016, 2017 and 2018 of $15647M, $20872M and $23023M for Revenue US$, $0.81, $1.03 and $1.44 for EPS US$, $2.19, $2.91 and $4.28 for CFPS.
November 5, 2016, Last estimates were for 2015, 2016 and 2017 of $19805M, $20202M and $20872M US$ for Revenue, $1.70, $1.27 and $1.50 for EPS US$, $1.75, $2.68 and $3.11 US$ for CFPS.
November 7, 2015. Last estimates were for 2014 and 2015 of $19465M, $21217M for Revenue US$, $2.18, $1.59 and $1.86 for 2014, 2015 and 2016 EPS US$, $2.27 and $2.48 CFPS US$ and $1202M, $1006M US$ for Net Income.
November 2, 2014. Last estimates were for 2013, 2014 and 2015 of $20266M, 21437M and $24677M for Revenue US$, $2.09 and $2.13 EPS for 2013 and 2014 in US$, $2.17, $2.26 and $2.29 for CFPS.
November 3, 2013. Last estimates were for 2012 and 2013 of $17632 and $19102M US$ Revenue and $1.14 and $1.38 US$ for EPS.
Special dividend in April is for shares in Brookfield Property Partners L.P. ("BPY") spin off.
October 7, 2012. Last estimates for 2011 and 2012 were $14,789M and $16,824M US$, $2.00 and 1.39 EPS US$ and $2.63 and $2.79 CF CDN$
July 31, 2011. Last I looked I got estimates for 2010 and 2011 in US$ of $1.02 and $1.30 for Earrnings and $2.05 and $2.40 for CF.
With change in accounting rules, BV for shareholders jumped a lot.
Sep 2, 2010. When I last looked, I got estimates for 2010 and 2011 of $.87 and $1.10 earnings US$, $1.85 and $2.10 CF US$. Brookfield has adopted International Financial Reporting Standards (IFRS)
effective Q1/10. Please note that their 2010 and 2011 estimates reflect IFRS while our historical data block is presented under historical GAAP.
Jun 6, 2010. When I Last looked at this stock, I got estimates for 2009 and 2010 of $.84 and $.82 US$ in earnings and $1.66 and $1.81 US$ in CF.
Oct 2009. When I looked at this in May, I got earnings for 2009 at $.90 and $.93 US and cash flow of $1.81 and $1.93US
May 20, 2009 2008 AR. In Nov 2008 I picked up Earnings of $.90 US. Earnings came in a $1.04. There is a hugh range of estimate earnings for 2009/10.
I bought this company as Hees International in 1987, 1988, 1989 and 1990. I sold it has Edperbrascan in 1999. I made a return of 3.69% per year. I felt it was going nowhere.
Sector:
Real Estate
Would I buy this company and Why.
What should this stock accomplish?
You would buy this stock for diversification. That is diversification into Real Estate and because it operates internationally.
You should expect a moderate interest rates (2-3% range) and moderate growth over time (8 to 17% range)
Why am I following this stock.
I used to own an earlier version of this stock as Hees International, then Edper Group and then EdperBrascan back in 1987 to 1999.
Dividends
Cycle 3. That is payment in March, June, September and December.
In November 2013, Dividends are changed from cycle 2 to cycle 3. Dividends are declared in one month and payable in the following month.
For example, the dividend declared for Shareholders of record of May 31, 2014 is payable on June 30, 2014.
They gave a higher dividend in March 2014 to make up for the change to a later dividend payment.
There is Class A and Class B shares. Both Classes elect one half of the Board of Directors.
Why I bought and sold this stock.
I bought this stock as Hees International in 1987 and more in 1988, 1989 and 1990. At first dividends were semi-annual and there was some good dividend increases. There was a much
lower dividend increase in 1991. Between 1991 and when I sold in 1999 there was no dividend increases. The stock was going nowhere at that time, so I sold.
There have been a lot of name changes and amalgamations since I had this stock.
How they make their money.
Brookfield Asset Management Inc. is a global alternative asset manager. The company has more than a 100-year history of owning and operating assets with a focus on property, renewable power,
infrastructure and private equity. Brookfield offers a range of public and private investment products and services, and is co-listed on the New York, Toronto and Euronext stock exchanges
The subsidiaries of the Company are Brookfield Homes Corporation, Brookfield Properties Corporation, BPO Properties Limited, Multiplex, Brookfield Power Inc., Great Lakes Hydro Income Fund,
Brascan Brasil, S.A., Brascan Residential Properties, S.A. and Brookfield Investments Corporation.
Partners Ltd owns 17%
History
Names changes from Hees International Bankcorp (HIL) to Edper Group (TEG.A) in January 1997. Hees and Edper Groups amalgamated Dec 31, 1996. Brascan (BL.A) and Edper became EdperBrascan in Oct 1997 (EBC.A)
and then it became Brascan (2000 - BNN.A, 2004 BAM.LV.A) to Brookfield Asset management (2005) (2005 - BAM.LV.A) (2006 BAM.A)
Changed from reporting in Canadian Dollars to reporting in US Dollars in 2002.
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.
Key Dates:
1899: Power business is established in Sao Paulo, Brazil.
1912: Brazilian Traction, Light and Power Company is incorporated in Toronto.
1923: Canadian Arena Company (Carena) is incorporated.
1954: Edper Investments Limited is incorporated in Montreal.
1969: Brazilian telephone operations are sold and the name is changed to Brascan.
1973: Brascan acquires Great Lakes Power.
1976: Edper Investments becomes the major shareholder of Trizec.
1979: Edper acquires a controlling interest in Brascan.
1989: Edper Investments Ltd. is renamed Edper Enterprises and makes its public offering.
1997: The Edper Group and Brascan Limited combine to form EdperBrascan Corporation.
2000: The company is renamed Brascan Corporation.
Trilon Financial Corporation is a diversified Canadian financial services company that manages trust, insurance, and brokerage operations through three principal subsidiaries. Trilon was formed in 1982
as the financial service company of Brascan, a natural resource recovery and power production company founded in 1899 by Brazilian and Canadian entrepreneurs. Brascan, which owns some 47% of Trilon,
was acquired in 1979 by Edper Equities, the Toronto-based holding company of Seagram Company heirs Peter and Edward Bronfman
Holders of the Class A Limited Voting Common Shares are entitled to elect one-half of the Board of Directors of the company and holders of the Class B Limited Voting
Common Shares are entitled to elect the other one-half of the Board of Directors.
Class B - 85.120M shares
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Oct 02 2012 Nov 03 2013 Nov 02 2014 Nov 07 2015 Nov 05 2016 Nov 05 2016
Flatt, J. Bruce 21.312 2.31% 24.710 2.68% 25.934 2.79% 27.101 2.82% 35.256 3.68% 35.672 3.72%
CEO - Shares - Amount $517.730 $679.023 $1,006.488 $1,164.239 $1,561.848 $1,898.438
Options - percentage 4.758 0.52% 4.585 0.49% 6.161 0.64% 3.708 0.39% 3.774 0.39%
Options - amount $130.749 $177.929 $264.688 $164.250 $200.861
Lawson, Brian 7.759 0.84% 8.094 0.88% 8.446 0.91% 10.594 1.10% 10.563 1.10% 10.507 1.10%
CFO - Shares - Amount $188.482 $222.417 $327.804 $455.104 $467.960 $559.203
Options - percentage 4.784 0.52% 4.808 0.52% 6.728 0.70% 4.290 0.45% 4.351 0.45%
Options - amount $131.460 $186.609 $289.044 $190.032 $231.534
Blidner, Jeffrey Miles 5.437 0.59% 5.781 0.62% 6.807 0.71% 6.671 0.70% 7.088 0.74%
Officer - Shares - Amount $149.400 $224.354 $292.421 $295.520 $377.218
Options - percentage 4.466 0.48% 4.488 0.48% 6.642 0.69% 4.651 0.49% 3.687 0.38%
Options - amount $122.736 $174.180 $285.333 $206.059 $196.241
Pollock, Sam J. B. 11.654 1.22% Included because he owns
Officer - Shares - Amount $620.211 lots of shares
Options - percentage 3.459 0.36%
Options - amount $184.106
Coutu, Marcel R. 0.052 0.01% 0.041 0.00% 0.105 0.01% 0.105 0.01% 0.105 0.01%
Director - Shares - Amount $1.434 $1.607 $4.493 $4.634 $5.567
Options - percentage 0.029 0.00% 0.031 0.00% 0.032 0.00% 0.038 0.00% 0.043 0.00%
Options - amount $0.787 $1.194 $1.393 $1.666 $2.305
Cockwell, Jack Lynn 23.585 2.46% Included because he owns
Director - Shares - Amount $1,255.201 lots of shares
Options - percentage 2.289 0.24%
Options - amount $121.808
McKenna, Frank 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Chairman - Shares - Amt $0.000 $0.000 $0.000 $0.000
Options - percentage 0.102 0.01% 0.118 0.01% 0.137 0.01% 0.153 0.02%
Options - amount $3.947 $5.074 $6.055 $8.122
Price, Timothy Robert 13.364 1.44% 15.444 1.61% 9.371 0.98% 8.878 0.93% Updated March 2017
10% Holder - Shares - Amount $518.662 $663.491 $415.137 $472.470
Options - percentage 0.316 0.03% 0.430 0.04% 0.430 0.04% 0.300 0.03%
Options - amount $12.274 $18.483 $19.060 $15.953
Partners Limited 1.301 0.14% 1.301 0.14% Apparently 20% via
10% Holder - Shares - Amount $55.901 $57.645 direct/indirect holdings
Class B 0.431 506.25% 0.431 506.25% makes no sense
10% Holder - Shares - Amount $18.512 $19.090 owns all Cl B shares
BAM Investments Corp. 84.339 9.14% 84.339 9.09% 128.758 13.39% 128.759 13.44% last dated Sep 2015
10% Holder - Shares - Amount $2,048.9 $3,273.210 $5,531.430 $5,704.003
Increase in O/S Shares 3.973 0.43% 6.664 0.72% 4.591 0.49% 11.409 1.19% 1.312 0.14%
due to SO $109.189 $183.114 $178.174 $490.144 $58.142
Book Value $24.000 $65.000 $53.000 $39.000 $53.000
Insider Buying -$0.409 $0.000 $0.000
Insider Selling $97.046 $38.613 $82.195
Net Insider Selling $36.737 $96.636 $38.613 $82.195
% of Market Cap 0.10% 0.23% 0.09% 0.16%
Directors 16 16 16 16
Women 2 13% 2 13% 4 25% 4 25%
Minorities 1 6% 1 6% 1 6% 1 6% Asian Male
Institutions/Holdings 420 62.51% 407 59.98% no info. 555 58.10% 569 58.42% 9 19.68%
Total Shares Held 585.187 63.39% 560.548 60.72% 569.957 61.74% 576.922 60.21% 0.787 0.08%
Increase/Decrease 6.459 1.12% 1.750 0.31% -9.795 -1.69% -0.168 -0.03% 0.095 13.69%
Starting No. of Shares 578.728 558.799 579.752 577.090 0.692 Reuters
Institutions/Holdings 464 60.84%
Total Shares Held 601.486 62.77%
Increase/Decrease -10.412 -1.70%
Starting No. of Shares 611.899 Nasdaz
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