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 2016
Brookfield Asset Management Inc. TSX: BAM.A NYSE: BAM www.brookfield.com Fiscal Yr: Dec 31 6/30/16
Year 12/31/04 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 Value Description #Y Item Currency
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Reporting Currency US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ Reporting Currency
Split 1.5 1.5 1.5 1.5
$21,785 <-12 mths 9.40%
Revenue US$ $3,899.0 $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 $15,647 $20,872 $23,023 278.86% <-Total Growth 10 Revenue US$
Increase 15.70% 34.80% 31.22% 35.46% 37.73% -6.11% 0.00% 31.77% 17.44% 11.41% -11.84% 8.43% -21.42% 33.39% 10.31% 14.25% <-IRR #YR-> 10 Revenue US$
5 year Running Average $2,860 $3,705 $4,497 $5,753 $7,653 $9,289 $10,654 $12,459 $14,330 $15,922 $17,179 $18,745 $18,690 $19,125 $19,564 10.51% <-IRR #YR-> 5 Revenue US$
Revenue per Share $4.5 $6.0 $7.9 $10.7 $15.0 $14.1 $13.1 $17.2 $20.3 $22.6 $19.8 $20.7 $16.3 $21.7 $24.0 17.60% <-IRR #YR-> 10 5 yr Running Average US$
Increase 14.54% 35.39% 30.72% 35.05% 40.36% -6.14% -6.92% 31.77% 17.44% 11.41% -12.32% 4.70% -21.42% 33.39% 10.31% 11.96% <-IRR #YR-> 5 5 yr Running Average US$
5 year Running Average $3.29 $4.26 $5.16 $6.60 $8.81 $10.73 $12.14 $14.01 $15.93 $17.44 $18.59 $20.11 $19.92 $20.21 $20.49 13.11% <-IRR #YR-> 10 Revenue per Share US$
P/S (Price/Sales) Med 1.96 2.08 2.31 2.35 1.09 0.84 1.36 1.16 1.06 1.11 1.46 1.66 1.93 9.62% <-IRR #YR-> 5 Revenue per Share US$
P/S (Price/Sales) Close 2.34 2.50 2.71 2.23 0.60 1.05 1.70 1.06 1.21 1.15 1.69 1.50 2.11 1.58 1.43 16.79% <-IRR #YR-> 10 5 yr Running Average US$
*Revenue in M US $ P/S Med 10 yr 1.26 5 yr 1.16 67.64% Diff M/C 10.62% <-IRR #YR-> 5 5 yr Running Average US$
-$5,256 $0 $0 $0 $0 $0 $0 $0 $0 $0 $19,913
-$12,082 $0 $0 $0 $0 $19,913
-$3,705 $0 $0 $0 $0 $0 $0 $0 $0 $0 $18,745
-$10,654 $0 $0 $0 $0 $18,745
-$6.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.71
-$13.09 $0.00 $0.00 $0.00 $0.00 $20.71
-$4.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.11
-$12.14 $0.00 $0.00 $0.00 $0.00 $20.11
$29,218 <-12 mths 5.96%
Revenue* CDN$ $4,697.5 $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 $20,986 $27,994 $30,878 351.10% <-Total Growth 10 Revenue CDN$
Increase 7.86% 30.13% 31.47% 14.88% 70.61% -19.45% -5.06% 34.99% 14.62% 18.87% -3.84% 29.43% -23.89% 33.39% 10.31% 16.26% <-IRR #YR-> 10 Revenue CDN$
5 year Running Average $4,028 $4,936 $5,608 $6,487 $8,766 $10,364 $11,550 $13,195 $15,076 $16,357 $18,081 $21,186 $22,131 $24,003 $25,747 18.01% <-IRR #YR-> 5 Revenue CDN$
Revenue per Share $5.38 $7.03 $9.21 $10.55 $18.34 $14.76 $13.05 $17.61 $20.19 $24.00 $22.95 $28.68 $21.83 $29.12 $32.12 15.68% <-IRR #YR-> 10 5 yr Running Average CDN$
Increase 6.78% 30.69% 30.96% 14.52% 73.87% -19.48% -11.63% 34.99% 14.62% 18.87% -4.36% 24.97% -23.89% 33.39% 10.31% 12.90% <-IRR #YR-> 5 5 yr Running Average CDN$
5 year Running Average $4.64 $5.68 $6.43 $7.44 $10.10 $11.98 $13.18 $14.86 $16.79 $17.92 $19.56 $22.69 $23.53 $25.32 $26.94 15.10% <-IRR #YR-> 10 Revenue per Share CDN$
P/S (Price/Sales) Med 1.72 2.11 2.28 2.54 0.94 0.92 1.40 1.14 1.07 1.08 1.43 1.53 1.95 17.06% <-IRR #YR-> 5 Revenue per Share CDN$
P/S (Price/Sales) 2.38 2.47 2.72 2.23 0.68 1.06 1.70 1.06 1.20 1.15 1.69 1.50 2.11 1.58 1.43 14.86% <-IRR #YR-> 10 5 yr Running Average CDN$
*Revenue in M CDN $ P/S Med 10 yr 1.27 5 yr 1.14 66.43% Diff M/C 11.47% <-IRR #YR-> 5 5 yr Running Average CDN$
-$6,113 $0 $0 $0 $0 $0 $0 $0 $0 $0 $27,574
-$12,046 $0 $0 $0 $0 $27,574
-$4,936 $0 $0 $0 $0 $0 $0 $0 $0 $0 $21,186
-$11,550 $0 $0 $0 $0 $21,186
-$7.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $28.68
-$13.05 $0.00 $0.00 $0.00 $0.00 $28.68
-$5.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.69
-$13.18 $0.00 $0.00 $0.00 $0.00 $22.69
$1.29 <-12 mths -42.92%
pre-split 15 $0.92 $2.79 $1.95 $1.27 $1.04 $0.72 $2.40 $3.00 $2.02 $3.21 $4.79
EPS Basic US$ $0.61 $1.86 $1.30 $0.85 $0.69 $0.48 $1.60 $2.00 $1.35 $2.14 $3.19 $2.32 24.73% <-Total Growth 10 EPS Basic US$
EPS pre- 04
EPS Diluted* US$ $0.60 $1.81 $1.27 $0.83 $0.68 $0.47 $1.55 $1.93 $1.31 $2.08 $3.11 $2.26 $0.81 $1.03 $1.44 24.63% <-Total Growth 10 EPS Diluted US$
Increase 53.03% 202.97% -30.15% -34.74% -17.74% -30.39% 228.17% 24.03% -31.83% 58.38% 49.68% -27.41% -64.16% 27.16% 39.81% 2.23% <-IRR #YR-> 10 Earnings per Share US$
Earnings Yield 5.7% 12.0% 5.9% 3.5% 7.6% 3.2% 7.0% 10.5% 5.4% 8.0% 9.3% 7.3% 2.4% 3.0% 4.2% 7.79% <-IRR #YR-> 5 Earnings per Share US$
5 year Running Average $0.33 $0.61 $0.82 $0.98 $1.04 $1.01 $0.96 $1.09 $1.19 $1.47 $2.00 $2.14 $1.92 $1.86 $1.73 13.43% <-IRR #YR-> 10 5 yr Running Average US$
10 year Running Average $0.27 $0.45 $0.58 $0.61 $0.65 $0.67 $0.78 $0.96 $1.08 $1.25 $1.50 $1.55 $1.50 $1.52 $1.60 17.37% <-IRR #YR-> 5 5 yr Running Average US$
* Diluted ESP per share E/P 10 Yrs 7.15% 5Yrs 8.04%
$1.73 <-12 mths -44.72%
EPS Basic CDN$ $0.74 $2.16 $1.51 $0.84 $0.85 $0.50 $1.60 $2.04 $1.34 $2.28 $3.70 $3.21 48.51% <-Total Growth 10 EPS Basic CDN$
EPS Diluted*CDN$ $0.72 $2.11 $1.48 $0.82 $0.83 $0.50 $1.55 $1.97 $1.31 $2.21 $3.61 $3.13 $1.09 $1.38 $1.93 48.40% <-Total Growth 10 EPS Diluted CDN$
Increase 42.66% 192.46% -30.01% -44.66% 1.90% -40.28% 211.57% 27.06% -33.47% 68.98% 63.26% -13.35% -65.29% 27.16% 39.81% 4.03% <-IRR #YR-> 10 Earnings per Share CDN$
Earnings Yield 5.6% 12.1% 5.9% 3.5% 6.6% 3.2% 7.0% 10.5% 5.4% 8.1% 9.3% 7.3% 2.4% 3.0% 4.2% 15.11% <-IRR #YR-> 5 Earnings per Share CDN$
5 year Running Average $0.45 $0.74 $0.98 $1.13 $1.19 $1.15 $1.03 $1.13 $1.23 $1.51 $2.13 $2.45 $2.27 $2.28 $2.23 12.70% <-IRR #YR-> 10 5 yr Running Average CDN$
10 year Running Average $0.43 $0.61 $0.74 $0.75 $0.79 $0.80 $0.89 $1.05 $1.18 $1.35 $1.64 $1.74 $1.70 $1.76 $1.87 18.79% <-IRR #YR-> 5 5 yr Running Average CDN$
* Diluted ESP per share E/P 10 Yrs 6.82% 5Yrs 8.05%
-$2.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.13
-$1.55 $0.00 $0.00 $0.00 $0.00 $3.13
-$0.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.45
-$1.03 $0.00 $0.00 $0.00 $0.00 $2.45
Special Dividends pre-split 15 $0.00 $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 $0.00 $0.63 $0.00 $0.00 $0.00 $0.00 $1.45 $0.03 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends US$
Div pre-split 04
Div pre-split 06 $0.55 $0.59
Div pre-split 07 $0.37 $0.39
Div pre-split 15 $0.24 $0.26 $0.39 $0.47 $0.51 $0.52 $0.52 $0.52 $0.55 $0.59 $0.63
Dividend US$ $0.16 $0.17 $0.26 $0.31 $0.34 $0.35 $0.35 $0.35 $0.37 $0.39 $0.42 $0.47 $0.52 $0.52 $0.52 170.74% <-Total Growth 10 Dividends US$
Increase 13.01% 7.27% 48.73% 20.51% 8.51% 1.96% 0.00% 0.00% 5.77% 7.27% 6.81% 12.66% 9.87% 0.00% 0.00% Count 29 Years of data US$
Dividends 5 Yr Running $0.15 $0.15 $0.17 $0.21 $0.38 $0.41 $0.45 $0.46 $0.47 $0.65 $0.67 $0.70 $0.73 $0.76 $0.50 371.82% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 1.86% 1.39% 1.42% 1.25% 2.07% 2.92% 1.95% 1.74% 1.70% 1.57% 1.45% 1.38% 1.65% 1.64% <-Median-> 10 Yield H/L Price US$
Yield on High Price 1.44% 1.16% 1.19% 1.08% 1.39% 2.16% 1.56% 1.53% 1.50% 1.45% 1.25% 1.22% 1.44% 1.42% <-Median-> 10 Yield on High Price US$
Yield on Low Price 2.64% 1.74% 1.78% 1.47% 4.11% 4.50% 2.59% 2.01% 1.97% 1.72% 1.72% 1.58% 1.94% 1.87% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 1.56% 1.16% 1.21% 1.32% 3.78% 2.34% 1.56% 1.89% 1.50% 1.52% 1.26% 1.53% 1.52% 1.52% 1.52% 1.52% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 27.23% 9.64% 20.53% 37.90% 142.16% 73.24% 22.32% 17.99% 27.92% 88.73% 14.56% 20.94% 64.20% 50.49% 36.11% 25.12% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 45.52% 24.36% 21.17% 21.55% 36.21% 40.74% 46.53% 42.49% 39.91% 44.27% 33.63% 32.60% 38.21% 41.02% 28.74% 38.06% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 16.32% 18.31% 23.06% 8.35% 52.99% 25.35% 22.01% 47.34% 22.61% 74.79% 16.35% 16.32% 2.37% 22.84% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 22.50% 19.53% 20.20% 13.72% 21.69% 22.84% 23.15% 25.08% 33.33% 41.89% 36.63% 33.21% 11.56% 24.12% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 21.11% 20.96% 16.18% 15.14% 44.98% 17.59% 14.76% 33.51% 22.39% 60.48% 13.31% 16.40% 2.37% 16.99% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 29.38% 23.75% 19.89% 17.75% 25.27% 23.89% 22.01% 24.23% 25.96% 32.38% 29.27% 29.01% 11.13% 24.75% <-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 20.94% 22.61% 22.39% 10.47% <-IRR #YR-> 10 Dividends US$
* Dividends per share 5 Yr Med and Cur. -3.67% -0.25% Last Div Inc ---> $0.11 $0.12 5.9% 6.43% <-IRR #YR-> 5 Dividends US$
-$0.17 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.47
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.47
Historical Dividends Historical High Div 8.69% Low Div 1.17% Ave Div 4.93% Med Div 2.88% Close Div 3.78% Historical Dividends US$
High/Ave/Median Values Curr diff Exp. -82.56% 29.54% Exp. -69.26% Exp. -47.38% Exp. -59.88% High/Ave/Median US$
Future Dividend Yield Div Yd 1.84% earning in 5 Years at IRR of 3.90% Div Inc. 21.08% Future Dividend Yield US$
Future Dividend Yield Div Yd 2.22% earning in 10 Years at IRR of 3.90% Div Inc. 46.61% Future Dividend Yield US$
Future Dividend Yield Div Yd 2.69% earning in 15 Years at IRR of 3.90% Div Inc. 77.51% Future Dividend Yield US$
Cost covered if held 5 years 27.89% 28.41% 26.84% 25.59% 37.53% 23.54% 17.77% 12.71% 9.46% 19.83% 28.30% 19.59% 18.37% 17.69% 9.95% 21.68% <-Median-> 10 Paid Median Price US$
Cost covered if held 10 years 62.39% 55.97% 45.91% 53.65% 81.28% 103.86% 114.31% 98.37% 83.15% 102.53% 61.90% 45.50% 32.75% 24.67% 34.99% 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% 175.61% 152.23% 157.68% <-Median-> 8 Paid Median Price US$
Cost covered if held 20 years 443.49% 253.37% 240.60% 200.07% 229.21% 256.07% 253.37% <-Median-> 3 Paid Median Price US$
Cost covered if held 25 years 602.29% #NUM! <-Median-> 0 Paid Median Price US$
Yield if held 5 yrs 6.01% 6.72% 8.02% 7.60% 6.80% 3.96% 2.76% 1.90% 1.46% 2.40% 3.54% 2.66% 2.61% 2.41% 2.08% 3.15% <-Median-> 10 Paid Median Price US$
Yield if held 10 yrs 5.74% 5.64% 6.70% 8.89% 10.36% 12.78% 13.33% 10.69% 8.89% 7.86% 4.80% 3.77% 2.85% 2.07% 3.17% 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% 12.61% 10.39% 12.10% <-Median-> 8 Paid Median Price US$
Yield if held 20 yrs 25.12% 14.80% 15.28% 13.41% 14.76% 15.84% 15.28% <-Median-> 3 Paid Median Price US$
Yield if held 25 yrs 33.21% #NUM! <-Median-> 0 Paid Median Price US$
Actual Dividends $0.69
Special Dividends $0.00 $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 $0.00 <-Median-> 10 Special Dividends CDN$
Div pre-split 04
Div pre-split 06
Div pre-split 07
Div pre-split 15
Dividend* $0.20 $0.20 $0.30 $0.31 $0.42 $0.36 $0.35 $0.35 $0.37 $0.42 $0.49 $0.66 $0.70 $0.70 $0.70 222.36% <-Total Growth 10 Dividends CDN$
Increase 5.35% 3.55% 49.01% 2.20% 34.42% -12.52% -5.06% 2.44% 3.23% 14.46% 16.50% 34.48% 6.41% 0.00% 0.00% Count 29 Years of data CDN$
Dividends 5 Yr Running $0.28 $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 $0.65 129.60% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 2.13% 1.37% 1.44% 1.16% 2.43% 2.69% 1.89% 1.77% 1.70% 1.62% 1.48% 1.49% 1.64% 1.66% <-Median-> 10 Yield H/L Price CDN$
Yield on High Price 1.45% 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 3.96% 1.69% 1.79% 1.41% 3.91% 3.67% 2.41% 1.99% 1.94% 1.75% 1.81% 1.66% 1.86% 1.87% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 1.54% 1.17% 1.21% 1.32% 3.32% 2.33% 1.56% 1.89% 1.50% 1.52% 1.26% 1.53% 1.52% 1.52% 1.52% 1.52% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 27.23% 9.64% 20.53% 37.90% 142.16% 73.24% 22.32% 17.99% 27.92% 88.73% 14.56% 20.94% 64.20% 50.49% 36.11% 25.12% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 60.76% 26.84% 22.39% 21.30% 23.99% 27.85% 33.62% 31.60% 29.98% 24.52% 18.51% 18.65% 23.12% 25.88% 29.04% 24.25% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 16.32% 18.31% 23.06% 8.35% 52.99% 25.35% 22.01% 47.34% 22.61% 74.79% 16.35% 16.32% 2.37% 17.87% 12.15% 22.84% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 29.49% 20.01% 20.53% 14.20% 14.93% 16.29% 16.94% 18.46% 24.27% 23.11% 20.16% 18.66% 6.42% 6.85% 6.99% 18.56% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 21.11% 20.96% 16.18% 15.14% 44.98% 17.59% 14.76% 33.51% 22.39% 60.48% 13.31% 16.40% 2.37% 17.87% 12.15% 16.99% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 38.50% 24.28% 20.15% 17.96% 16.91% 16.65% 15.86% 17.64% 18.96% 17.86% 16.12% 16.43% 6.22% 6.65% 6.89% 17.28% <-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 20.94% 22.61% 22.39% 12.42% <-IRR #YR-> 10 Dividends CDN$
* Dividends per share 5 Yr Med and Cur. -6.23% -0.47% Last Div Inc ---> $0.11 $0.12 5.9% 13.65% <-IRR #YR-> 5 Dividends CDN$
-$0.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.66
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.66
Historical Dividends Historical High Div 13.04% Low Div 1.18% Ave Div 7.11% Med Div 2.69% Close Div 3.60% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -88.38% 28.40% Exp. -78.69% Exp. -43.67% Exp. -57.92% High/Ave/Median CDN$
Future Dividend Yield Div Yd 1.79% earning in 5 Years at IRR of 3.4% Div Inc. 18.08% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 2.11% earning in 10 Years at IRR of 3.4% Div Inc. 39.43% Future Dividend Yield CDN$
Future Dividend Yield Div Yd 2.49% earning in 15 Years at IRR of 3.4% Div Inc. 64.64% Future Dividend Yield CDN$
Cost covered if held 5 years 40.65% 37.64% 31.70% 27.60% 50.93% 25.58% 16.89% 12.18% 9.75% 19.78% 26.29% 21.17% 21.04% 21.07% 12.64% 23.38% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 63.67% 57.73% 46.59% 74.00% 99.91% 129.32% 132.59% 105.95% 87.77% 129.62% 64.05% 42.93% 32.22% 26.69% 38.86% 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% 228.12% 192.31% 205.56% 176.18% <-Median-> 8 Paid Median Price CDN$
Cost covered if held 20 years 396.31% 212.29% 207.92% 174.66% 287.41% 297.38% 212.29% <-Median-> 3 Paid Median Price CDN$
Cost covered if held 25 years 554.20% #NUM! <-Median-> 0 Paid Median Price CDN$
Yield if held 5 yrs 7.37% 7.70% 8.80% 7.13% 9.65% 3.94% 2.33% 1.69% 1.36% 2.44% 3.61% 3.59% 3.49% 3.24% 2.69% 3.60% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 yrs 4.93% 4.79% 5.74% 9.24% 12.33% 13.66% 13.10% 10.28% 8.42% 9.70% 5.28% 4.42% 3.32% 2.60% 4.07% 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% 20.25% 16.06% 16.18% 11.65% <-Median-> 8 Paid Median Price CDN$
Yield if held 20 yrs 20.18% 12.24% 15.45% 13.21% 20.81% 20.66% 15.45% <-Median-> 3 Paid Median Price CDN$
Yield if held 25 yrs 33.64% #NUM! <-Median-> 0 Paid Median Price CDN$
Graham No. $8.57 $16.93 $15.47 $11.74 $11.46 $9.35 $21.94 $28.64 $24.03 $31.93 $45.24 $46.77 $27.56 $31.08 $36.74 176.31% <-Total Growth 10 Graham price CDN$
Price/GP Ratio Med 1.08 0.88 1.36 2.28 1.50 1.44 0.83 0.70 0.90 0.81 0.73 0.94 1.55 0.92 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.58 1.04 1.62 2.69 2.07 1.83 1.01 0.77 1.01 0.87 0.86 1.03 1.73 1.02 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.58 0.71 1.09 1.87 0.93 1.06 0.65 0.62 0.78 0.75 0.60 0.84 1.36 0.81 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.49 1.03 1.62 2.00 1.09 1.67 1.01 0.65 1.01 0.86 0.86 0.92 1.67 1.48 1.25 1.01 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 49.28% 2.59% 61.95% 99.89% 9.46% 66.69% 0.87% -34.74% 1.08% -13.94% -14.22% -8.15% 67.03% 48.12% 25.27% 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 $19.18 $26.05 $37.57 $35.20 $18.81 $23.39 $33.20 $28.04 $36.44 $41.22
Price Close CDN$ $12.79 $17.37 $25.05 $23.47 $12.54 $15.59 $22.13 $18.69 $24.29 $27.48 $38.81 $42.96 $46.03 $46.03 $46.03 147.37% <-Total Growth 10 Stock Price CDN$
Increase 62.93% 35.82% 44.22% -6.31% -46.56% 24.35% 41.94% -15.54% 29.96% 13.12% 41.23% 10.69% 7.15% 0.00% 0.00% 9.48% <-IRR #YR-> 10 Stock Price CDN$
P/E 17.73 8.23 16.97 28.73 15.07 31.37 14.29 9.50 18.56 12.42 10.75 13.73 42.37 33.32 23.83 14.18% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 25.30 24.08 11.88 15.90 15.35 18.73 44.53 12.07 12.35 20.99 17.54 11.89 14.71 42.37 33.32 11.85% <-IRR #YR-> 10 Price & Div CDN$
Median 10, 5 Yrs D. per yr 2.37% 2.63% % Tot Ret 20.00% 15.67% Price Inc 13.12% P/E: 14.68 12.42 16.82% <-IRR #YR-> 5 Price & Div CDN$
-$17.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.96
-$22.13 $0.00 $0.00 $0.00 $0.00 $42.96
-$17.37 $0.30 $0.31 $1.18 $0.36 $0.35 $0.35 $0.37 $1.96 $0.53 $43.62
-$22.13 $0.35 $0.37 $1.96 $0.53 $43.62
Price H/L Median CDN$ $9.24 $14.84 $20.99 $26.80 $17.15 $13.52 $18.25 $19.99 $21.55 $25.89 $32.88 $43.88 $42.64 195.75% <-Total Growth 10 Stock Price CDN$
Increase 114.31% 60.60% 41.47% 27.68% -36.00% -21.20% 35.02% 9.55% 7.77% 20.16% 26.99% 33.46% -2.84% 11.45% <-IRR #YR-> 10 Stock Price CDN$
P/E 12.81 7.04 14.22 32.81 20.61 27.19 11.78 10.16 16.46 11.70 9.10 14.02 39.25 19.18% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 18.28 20.58 9.95 18.16 21.00 16.24 36.72 12.91 10.95 19.78 14.86 12.15 13.62 14.03% <-IRR #YR-> 10 Price & Div CDN$
P/E on Run. 5 yr Ave 20.39 20.04 21.52 23.81 14.40 11.79 17.65 17.65 17.50 17.18 15.44 17.94 18.78 22.12% <-IRR #YR-> 5 Price & Div CDN$
P/E on Run. 10 yr Ave 21.33 24.20 28.54 35.68 21.65 16.90 20.57 18.97 18.29 19.19 20.07 25.22 25.06 12.81 P/E Ratio Historical Median
Median 10, 5 Yrs D. per yr 2.57% 2.94% % Tot Ret 18.35% 13.28% Price Inc 20.16% P/E: 14.12 11.70 Count 23 Years of data
-$14.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $43.88
-$18.25 $0.00 $0.00 $0.00 $0.00 $43.88
-$14.84 $0.30 $0.31 $1.18 $0.36 $0.35 $0.35 $0.37 $1.96 $0.53 $44.54
-$18.25 $0.35 $0.37 $1.96 $0.53 $44.54
High Mths CDN$ Dec Dec May May Sep Dec Jan Dec Oct Dec Apr Oct
pre-split 04
pre-split 06
pre-split 07
pre-split 15 $20.27 $26.43 $37.57 $47.41 $35.50 $25.68 $33.20 $33.28 $36.39 $41.83
Price High CDN$ $13.51 $17.62 $25.05 $31.61 $23.67 $17.12 $22.13 $22.19 $24.26 $27.89 $38.81 $48.31 $47.80 174.18% <-Total Growth 10 Stock Price CDN$
Increase 154.06% 30.39% 42.15% 26.19% -25.12% -27.66% 29.28% 0.24% 9.34% 14.95% 39.17% 24.48% -1.06% 10.61% <-IRR #YR-> 10 Stock Price CDN$
P/E 18.74 8.36 16.97 38.69 28.43 34.44 14.29 11.28 18.53 12.61 10.75 15.44 44.00 16.90% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 26.73 24.44 11.88 21.41 28.97 20.57 44.53 14.33 12.33 21.30 17.54 13.38 15.27 14.93 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 14.95% P/E: 16.20 12.61 25.28 P/E Ratio Historical High CDN$
-$17.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $48.31
-$22.13 $0.00 $0.00 $0.00 $0.00 $48.31
Low Mths CDN$ Jan Jan Nov Nov Mar Feb Nov Jan Jun Jan Jan Feb
Price Low CDN$ $4.96 $12.05 $16.93 $21.99 $10.64 $9.91 $14.37 $17.80 $18.83 $23.89 $26.95 $39.45 $37.47 227.30% <-Total Growth 10 Stock Price CDN$
Increase 50.29% 142.83% 40.49% 29.88% -51.62% -6.83% 44.92% 23.90% 5.81% 26.87% 12.78% 46.40% -5.02% 12.59% <-IRR #YR-> 10 Stock Price CDN$
P/E 6.88 5.72 11.47 26.93 12.78 19.94 9.28 9.05 14.39 10.80 7.46 12.61 34.49 22.39% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 9.82 16.72 8.03 14.90 13.03 11.91 28.90 11.49 9.57 18.25 12.18 10.92 11.97 10.80 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 23.90% P/E: 12.04 10.80 6.13 P/E Ratio Historical Low CDN$
-$12.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $39.45
Price Close US$ $10.45 $15.11 $21.41 $23.78 $9.00 $14.79 $22.19 $18.32 $24.43 $25.89 $33.42 $30.98 $34.31 $34.31 $34.31 104.98% <-Total Growth 10 Stock Price US$
Increase 72.58% 44.67% 41.69% 11.05% -62.15% 64.30% 50.09% -17.45% 33.37% 5.95% 29.10% -7.30% 10.75% 0.00% 0.00% 7.44% <-IRR #YR-> 10 Stock Price US$
P/E 17.45 8.33 16.91 28.77 13.24 31.24 14.29 9.51 18.60 12.45 10.73 13.71 42.36 33.31 23.83 6.90% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 26.71 25.25 11.81 18.77 10.89 21.75 46.89 11.79 12.68 19.71 16.07 9.95 15.18 42.36 33.31 10.10% <-IRR #YR-> 10 Price & Div US$
Median 10, 5 Yrs D. per yr 2.66% 2.74% % Tot Ret 26.32% 28.40% Price Inc 5.95% P/E: 14.00 12.45 9.63% <-IRR #YR-> 5 Price & Div US$
-$15.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.98
-$22.19 $0.00 $0.00 $0.00 $0.00 $30.98
-$15.11 $0.26 $0.31 $0.97 $0.35 $0.35 $0.35 $0.37 $1.85 $0.45 $31.45
-$22.19 $0.35 $0.37 $1.85 $0.45 $31.45
Price H/L Median US$ $8.76 $12.57 $18.26 $25.08 $16.40 $11.87 $17.79 $19.92 $21.55 $25.00 $28.98 $34.29 $31.46 172.75% <-Total Growth 10 Stock Price US$
Increase 75.02% 43.55% 45.24% 37.36% -34.59% -27.64% 49.90% 11.97% 8.15% 16.03% 15.93% 18.29% -8.24% 10.55% <-IRR #YR-> 10 Stock Price US$
P/E Ratio 14.63 6.93 14.41 30.33 24.12 25.08 11.45 10.34 16.41 12.02 9.31 15.17 38.84 14.02% <-IRR #YR-> 5 Stock Price US$
Trailing P/E Ratio 22.39 21.00 10.07 19.80 19.84 17.46 37.59 12.83 11.18 19.04 13.93 11.01 13.92 20.55% <-IRR #YR-> 10 Price & Dividend US$
P/E on Run. 5 yr Ave 26.34 20.72 22.20 25.61 15.82 11.73 18.53 18.24 18.12 17.01 14.51 16.03 16.43 26.18% <-IRR #YR-> 5 Price & Dividend US$
P/E on Run. 10 yr Ave 32.62 27.95 31.67 40.92 25.09 17.66 22.72 20.82 19.87 19.95 19.26 22.13 20.92 12.79 P/E Ratio Historical Median US$
Median 10, 5 Yrs D. per yr 10.00% 12.16% % Tot Ret 48.65% 46.46% Price Inc 15.93% P/E: 14.79 12.02 Count 23 Years of data
-$12.57 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $34.29
-$17.79 $0.00 $0.00 $0.00 $0.00 $34.29
-$12.57 $1.77 $1.15 $1.19 $0.85 $1.94 $2.39 $1.71 $2.67 $4.12 $37.97
-$17.79 $2.39 $1.71 $2.67 $4.12 $37.97
High Months US$ Nov Dec Dec May May Sep Dec Feb Sep Oct Nov Apr Oct
pre-split 15 $17.00 $22.68 $32.81 $43.33 $36.80 $24.06 $33.29 $33.90 $36.74 $40.69
Price High US$ $11.33 $15.12 $21.87 $28.89 $24.53 $16.04 $22.19 $22.60 $24.49 $27.13 $33.54 $38.66 $36.09 155.69% <-Total Growth 10 Stock Price US$
Increase 83.59% 33.41% 44.66% 32.06% -15.07% -34.62% 38.36% 1.83% 8.38% 10.75% 23.64% 15.27% -6.65% 9.84% <-IRR #YR-> 10 Stock Price US$
P/E Ratio 18.94 8.34 17.27 34.94 36.08 33.89 14.29 11.73 18.65 13.04 10.77 17.11 44.56 11.74% <-IRR #YR-> 5 Stock Price US$
Trailing P/E Ratio 28.98 25.26 12.06 22.81 29.68 23.59 46.89 14.55 12.71 20.65 16.13 12.42 15.97 15.78 P/E Ratio Historical Median US$
Median 10, 5 Yrs Price Inc 10.75% P/E: 17.19 13.04 33.89 P/E Ratio Historical High US$
-$15.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $38.66
-$22.19 $0.00 $0.00 $0.00 $0.00 $38.66
Low Mpmths US$ Jan Jan Jan Aug Nov Mar Jan Nov Jan Jun Jan Sep Feb US$
pre-split 15 $9.27 $15.03 $21.96 $31.90 $12.41 $11.55 $20.09 $25.87 $27.90 $34.31
Price Low US$ $6.18 $10.02 $14.64 $21.27 $8.27 $7.70 $13.39 $17.25 $18.60 $22.87 $24.43 $29.91 $26.83 198.50% <-Total Growth 10 Stock Price US$
Increase 61.22% 62.14% 46.11% 45.26% -61.10% -6.93% 73.94% 28.77% 7.85% 22.97% 6.79% 22.45% -10.30% 11.56% <-IRR #YR-> 10 Stock Price US$
P/E Ratio 10.33 5.53 11.56 25.73 12.17 16.27 8.62 8.95 14.16 11.00 7.85 13.23 33.12 17.43% <-IRR #YR-> 5 Stock Price US$
Trailing P/E Ratio 15.80 16.74 8.07 16.79 10.01 11.32 28.30 11.10 9.65 17.42 11.74 9.61 11.87 10.33 P/E Ratio Historical Median US$
Median 10, 5 Yrs Price Inc 22.45% P/E: 11.86 11.00 7.85 P/E Ratio Historical Low US$
-$10.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.91
-$13.39 $0.00 $0.00 $0.00 $0.00 $29.91
Mortages US$ $48,693 $54,347 $61,061 Mortages US$
Mortages CDN$ $56,489 $75,257 $81,895 Mortages CDN$
Ratio to Market Cap 1.57 1.82 1.85 1.70 <-Median-> 2 % of Market C.
Debt US$ $4,075 $3,936 $4,469 Debt US$
Debt CDN$ $4,727 $5,450 $5,994 Debt CDN$
Ratio to Market Cap 0.13 0.13 0.14 0.13 <-Median-> 2 % of Market C.
Goodwill and Intangibles $6,575 $8,254 $6,632 $5,733 $7,713 $9,805 Intangibles Goodwill US$
Goodwill and Intangibles $6,715 $8,228 $7,054 $6,651 $10,681 $13,150 Intangibles Goodwill CDN$
Ratio to Market Cap 0.39 0.37 0.28 0.18 0.26 0.30 0.28 <-Median-> 5 % of Market C. CDN$
Market Cap US$ $9,121 $13,139 $18,688 $20,817 $7,731 $12,706 $20,488 $16,912 $22,556 $23,898 $31,020 $29,781 $32,982 $32,982 $32,982 126.66% <-Total Growth 10 Market Cap US$
Market Cap CDN$ $11,164 $15,098 $21,859 $20,543 $10,772 $13,399 $20,433 $17,257 $22,427 $25,369 $36,023 $41,297 $44,248 $44,248 $44,248 173.53% <-Total Growth 10 Market Cap CDN$
Unexercised Options 56.811 57.603 53.406 55.009 41.979 Options
Shares and Options 979.976 980.768 976.571 983.194 1003.269 Shares and Options
Options % of Shares O/S 6.2% 6.2% 5.8% 5.9% 4.4% Options % of Shares O/S
Diluted 858.3 911.3 979.5 973.5 955.2 950.4 975.7 13.68% <-Total Growth 6 Diluted
Change 6.17% 7.49% -0.61% -1.88% -0.50% 2.66% 1.08% <-Median-> 6 Change
Average # of Sh in M 858.3 862.4 924.3 928.4 924.2 925.1 949.7 10.65% <-Total Growth 6 Average
Change 0.47% 7.18% 0.44% -0.45% 0.10% 2.66% 0.46% <-Median-> 6 Change
Difference 0.1% 7.1% -0.1% -0.6% -0.1% 0.3% 1.2% 0.12% <-Median-> 7 Difference
$2,756 <-12 mths -1.15%
Class A 923.080 923.080 923.080 923.080 928.100 961.206 961.206 961.206 961.206 99.99% Class A
Class B 0.085 0.085 0.085 0.085 0.085 0.085 0.085 0.000 0.000 0.01% Class B
# of Share in Millions 873.132 869.359 872.724 875.419 858.982 859.302 923.165 923.165 923.165 923.165 928.185 961.291 961.291 961.291 961.291 1.01% <-IRR #YR-> 10 Shares
Change 1.01% -0.43% 0.39% 0.31% -1.88% 0.04% 7.43% 0.00% 0.00% 0.00% 0.54% 3.57% 0.00% 0.00% 0.00% 0.81% <-IRR #YR-> 5 Shares
CF fr Op US $M US$ $872.0 $830.0 $984.0 $3,284 $1,567 $1,175 $1,454 $676 $1,497 $2,278 $2,574 $2,788 $21,052 $2,797 $4,114 235.90% <-Total Growth 10 Cash Flow US$
Increase 17.52% -4.82% 18.55% 233.74% -52.28% -25.02% 23.74% -53.51% 121.45% 52.17% 12.99% 8.31% 655.10% -86.71% 47.08% Drip, SO Buy Backs, S. Iss
5 year Running Average $583 $657 $751 $1,342 $1,507 $1,568 $1,693 $1,631 $1,274 $1,416 $1,696 $1,963 $6,038 $6,298 $6,665 198.54% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $1.00 $0.95 $1.13 $3.75 $1.82 $1.37 $1.58 $0.73 $1.62 $2.47 $2.77 $2.90 $21.90 $2.91 $4.28 203.78% <-Total Growth 10 Cash Flow per Share US$
Increase 16.35% -4.40% 18.10% 232.71% -51.37% -25.04% 15.18% -53.51% 121.45% 52.17% 12.38% 4.58% 655.10% -86.71% 47.08% 12.88% <-IRR #YR-> 10 Cash Flow US$
5 year Running Average $0.67 $0.76 $0.86 $1.54 $1.73 $1.81 $1.93 $1.85 $1.42 $1.55 $1.83 $2.10 $6.33 $6.59 $6.95 13.91% <-IRR #YR-> 5 Cash Flow US$
P/CF on Med Price 8.77 13.17 16.19 6.68 8.99 8.68 11.30 27.21 13.29 10.13 10.45 11.82 1.44 11.75% <-IRR #YR-> 10 Cash Flow per Share US$
P/CF on Closing Price 10.46 15.83 18.99 6.34 4.93 10.81 14.09 25.02 15.07 10.49 12.05 10.68 1.57 12.99% <-IRR #YR-> 5 Cash Flow per Share US$
-85.59% Diff M/C 10.74% <-IRR #YR-> 10 CFPS 5 yr Running US$
Excl.Working Capital CF -$198.0 -$105.0 $418.0 -$1,472 $279.0 $519.0 $714.0 $279.0 $15.0 $539.0 $587.0 -$14.0 $0.0 $0.0 $0.0 1.70% <-IRR #YR-> 5 CFPS 5 yr Running US$
CF fr Op $M WC US$ $674 $725 $1,402 $1,812 $1,846 $1,694 $2,168 $955 $1,512 $2,817 $3,161 $2,774 $21,052 $2,797 $4,114 282.62% <-Total Growth 10 Cash Flow less WC US$
Increase 17.42% 7.57% 93.38% 29.24% 1.88% -8.23% 27.98% -55.95% 58.32% 86.31% 12.21% -12.24% 658.91% -86.71% 47.08% 14.36% <-IRR #YR-> 10 Cash Flow less WC US$
5 year Running Average $448 $541 $763 $1,037 $1,292 $1,496 $1,784 $1,695 $1,635 $1,829 $2,123 $2,244 $6,263 $6,520 $6,780 5.05% <-IRR #YR-> 5 Cash Flow less WC US$
CFPS Excl. WC US$ $0.77 $0.83 $1.61 $2.07 $2.15 $1.97 $2.35 $1.03 $1.64 $3.05 $3.41 $2.89 $21.90 $2.91 $4.28 15.28% <-IRR #YR-> 10 CF less WC 5 Yr Run US$
Increase 16.25% 8.03% 92.63% 28.85% 3.83% -8.27% 19.13% -55.95% 58.32% 86.31% 11.60% -15.27% 658.91% -86.71% 47.08% 4.69% <-IRR #YR-> 5 CF less WC 5 Yr Run US$
5 year Running Average $0.52 $0.62 $0.88 $1.19 $1.49 $1.73 $2.03 $1.91 $1.83 $2.01 $2.30 $2.40 $6.58 $6.83 $7.08 13.22% <-IRR #YR-> 10 CFPS - Less WC US$
P/CF on Med Price 11.34 15.07 11.36 12.12 7.63 6.02 7.58 19.26 13.16 8.19 8.51 11.88 1.44 4.21% <-IRR #YR-> 5 CFPS - Less WC US$
P/CF on Closing Price 13.53 18.12 13.33 11.49 4.19 7.50 9.45 17.71 14.92 8.48 9.81 10.74 1.57 11.79 8.02 14.47% <-IRR #YR-> 10 CFPS 5 yr Running US$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 10.87 5 yr 11.82 P/CF Med 10 yr 9.94 5 yr 11.88 -84.23% Diff M/C 3.44% <-IRR #YR-> 5 CFPS 5 yr Running US$
$3,696 <-12 mths -4.26%
CF fr Op $M CDN$ $1,050.6 $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 $28,235 $3,752 $5,518 299.95% <-Total Growth 10 Cash Flow CDN$
Increase 9.55% -8.12% 18.78% 183.01% -40.89% -35.67% 17.49% -52.37% 116.14% 62.36% 23.25% 29.29% 631.36% -86.71% 47.08% Drip, SO Buy Backs, S. Iss
5 year Running Average $809 $863 $927 $1,473 $1,665 $1,702 $1,799 $1,707 $1,357 $1,458 $1,808 $2,290 $7,799 $8,251 $8,870 165.52% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $1.20 $1.11 $1.31 $3.71 $2.23 $1.44 $1.57 $0.75 $1.62 $2.62 $3.22 $4.02 $29.37 $3.90 $5.74 261.70% <-Total Growth 10 Cash Flow per Share CDN$
Increase 8.46% -7.72% 18.32% 182.14% -39.76% -35.69% 9.36% -52.37% 116.14% 62.36% 22.58% 24.84% 631.36% -86.71% 47.08% 14.87% <-IRR #YR-> 10 Cash Flow CDN$
5 year Running Average $0.93 $0.99 $1.06 $1.69 $1.91 $1.96 $2.05 $1.94 $1.52 $1.60 $1.96 $2.44 $8.17 $8.63 $9.25 21.64% <-IRR #YR-> 5 Cash Flow CDN$
P/CF on Med Price 7.68 13.36 15.98 7.23 7.68 9.41 11.62 26.73 13.33 9.86 10.22 10.93 1.45 13.72% <-IRR #YR-> 10 Cash Flow per Share CDN$
P/CF on Closing Price 10.63 15.64 19.06 6.33 5.62 10.86 14.09 25.00 15.03 10.47 12.06 10.70 1.57 11.79 8.02 20.66% <-IRR #YR-> 5 Cash Flow per Share CDN$
-85.18% Diff M/C 9.43% <-IRR #YR-> 10 CFPS 5 yr Running CDN$
Excl.Working Capital CF -$238.6 -$122.1 $487.1 -$1,454 $341.5 $545.0 $711.9 $285.0 $15.0 $573.3 $681.0 -$19.4 $0.0 $0.0 $0.0 3.56% <-IRR #YR-> 5 CFPS 5 yr Running CDN$
CF fr Op $M WC CDN$ $812.0 $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 $28,235.3 $3,751.8 $5,518.1 355.57% <-Total Growth 10 Cash Flow less WC CDN$
Increase 9.46% 3.83% 93.75% 9.60% 26.20% -21.27% 21.51% -54.88% 54.53% 98.79% 22.39% 4.75% 635.05% -86.71% 47.08% 16.37% <-IRR #YR-> 10 Cash Flow less WC CDN$
5 year Running Average $621 $712 $945 $1,164 $1,468 $1,661 $1,925 $1,793 $1,736 $1,884 $2,261 $2,597 $8,049 $8,498 $9,003 12.19% <-IRR #YR-> 5 Cash Flow less WC CDN$
CFPS Excl. WC CDN$ $0.93 $0.97 $1.87 $2.05 $2.63 $2.07 $2.34 $1.06 $1.63 $3.25 $3.95 $4.00 $29.37 $3.90 $5.74 13.82% <-IRR #YR-> 10 CF less WC 5 Yr Run CDN$
Increase 8.37% 4.29% 93.00% 9.26% 28.61% -21.30% 13.10% -54.88% 54.53% 98.79% 21.73% 1.14% 635.05% -86.71% 47.08% 6.18% <-IRR #YR-> 5 CF less WC 5 Yr Run CDN$
5 year Running Average $0.72 $0.82 $1.08 $1.34 $1.69 $1.92 $2.19 $2.03 $1.95 $2.07 $2.45 $2.78 $8.44 $8.89 $9.39 15.21% <-IRR #YR-> 10 CFPS - Less WC CDN$
P/CF on Med Price 9.93 15.30 11.21 13.10 6.52 6.53 7.79 18.92 13.20 7.98 8.32 10.98 1.45 11.28% <-IRR #YR-> 5 CFPS - Less WC CDN$
P/CF on Closing Price 13.75 17.91 13.38 11.47 4.77 7.53 9.45 17.69 14.88 8.47 9.82 10.75 1.57 11.79 8.02 12.99% <-IRR #YR-> 10 CFPS 5 yr Running CDN$
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 10.57 5 yr 10.93 P/CF Med 10 yr 9.65 5 yr 10.98 -83.76% Diff M/C 4.84% <-IRR #YR-> 5 CFPS 5 yr Running CDN$
-$0.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.89 CFPS - Less WC US$
-$2.35 $0.00 $0.00 $0.00 $0.00 $2.89 CFPS - Less WC US$
-$0.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.40 CFPS 5 yr Running US$
-$2.03 $0.00 $0.00 $0.00 $0.00 $2.40 CFPS 5 yr Running US$
-$965 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,861 Cash Flow CDN$
-$1,450 $0 $0 $0 $0 $3,861 Cash Flow CDN$
-$1.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.02 Cash Flow per Share CDN$
-$1.57 $0.00 $0.00 $0.00 $0.00 $4.02 Cash Flow per Share CDN$
-$0.99 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.44 CFPS 5 yr Running CDN$
-$2.05 $0.00 $0.00 $0.00 $0.00 $2.44 CFPS 5 yr Running CDN$
-$843 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,841 Cash Flow less WC CDN$
-$2,162 $0 $0 $0 $0 $3,841 Cash Flow less WC CDN$
-$712 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,597 CF less WC 5 Yr Run CDN$
-$1,925 $0 $0 $0 $0 $2,597 CF less WC 5 Yr Run CDN$
-$0.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.00 CFPS - Less WC CDN$
-$2.34 $0.00 $0.00 $0.00 $0.00 $4.00 CFPS - Less WC CDN$
-$0.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.78 CFPS 5 yr Running CDN$
-$2.19 $0.00 $0.00 $0.00 $0.00 $2.78 CFPS 5 yr Running CDN$
Net change in non-cash working capital and other balances -$279 -$15 -$539 -$587 $14
Investments in residential inventory -$861 -$378 $57 -$128
         
Sum -$279 -$876 -$917 -$530 -$114
Google -$917 -$530 -$114
Difference $0 $0 $0
OPM 22.36% 15.79% 14.27% 35.15% 12.18% 9.73% 12.03% 4.25% 8.01% 10.94% 14.02% 14.00% -11.34% <-Total Growth 10 OPM CDN$
Increase 1.58% -29.39% -9.65% 146.37% -65.35% -20.14% 23.74% -64.72% 88.57% 36.59% 28.17% -0.11% Should increase or be stable. CDN$
Diff from Ave 84.7% 30.4% 17.9% 190.3% 0.6% -19.7% -0.6% -64.9% -33.9% -9.7% 15.8% 15.7% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 12.11% 5 Yrs 10.94% 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 $21,255 Liquidity ratio of 1.5 and up, best US$
Accounts Payable $10,055 $9,863 $5,917 $8,872 $10,334 $9,266 $9,266 $10,316 $10,408 $11,366 1.90 <-Median-> 10 Ratio US$
Liquidity 1.13 1.04 1.73 1.81 1.92 2.01 2.10 2.09 2.25 1.87 2.09 <-Median-> 5 Ratio US$
Cash Rev Inv CDN $13,297 $10,107 $12,520 $16,879 $19,791 $18,979 $19,417 $22,939 $27,221 $29,433 Liquidity ratio of 1.5 and up, best CDN$
Current Liabability $11,716 $9,746 $7,242 $9,317 $10,303 $9,464 $9,237 $10,972 $12,074 $15,739 1.90 <-Median-> 10 Ratio CDN$
Liquidity 1.13 1.04 1.73 1.81 1.92 2.01 2.10 2.09 2.25 1.87 2.09 <-Median-> 5 Ratio 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 2.15 <-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 1.49 <-Median-> 5 Ratio CDN$
Assets US$ $20,007 $26,058 $40,708 $55,579 $53,611 $61,902 $78,131 $91,030 $108,644 $112,745 $129,480 $139,514 Debt Ratio of 1.5 and up, best US$
Liabilities $16,730 $19,045 $30,890 $43,295 $41,502 $45,386 $48,939 $53,623 $64,393 $65,219 $76,233 $82,287 1.64 <-Median-> 10 Ratio US$
Debt Ratio 1.20 1.37 1.32 1.28 1.29 1.36 1.60 1.70 1.69 1.73 1.70 1.70 1.70 <-Median-> 5 Ratio US$
Assets CDN$ $24,104 $30,305 $47,433 $54,918 $65,620 $65,005 $77,897 $92,972 $108,300 $119,916 $150,210 $193,191 Debt Ratio of 1.5 and up, best CDN$
Liabilities $20,156 $22,149 $35,993 $42,780 $50,798 $47,661 $48,792 $54,767 $64,189 $69,367 $88,438 $113,946 1.64 <-Median-> 10 Ratio CDN$
Debt Ratio 1.20 1.37 1.32 1.28 1.29 1.36 1.60 1.70 1.69 1.73 1.70 1.70 1.70 <-Median-> 5 Ratio CDN$
Liabilites Check $16,730 $19,045 $30,890 $43,295 $41,502 $45,386 $48,939 $53,623 $64,393 $65,219 $76,233 $82,287
Total Book Value $3,277 $7,013 $9,818 $12,284 $12,109 $16,516 $29,192 $37,407 $44,251 $47,526 $53,247 $57,227 Liabilites Check US$
Preferred Equity US$ $515 $689 $870 $870 $1,144 $1,658 $2,140 $2,901 $3,098 $3,549 $3,739 Pref. Equity US$
Non-Cont. Int US$ $1,984 $3,734 $4,770 $6,321 $8,969 $14,739 $18,516 $23,190 $26,647 $29,545 $31,920 Non-Cont. Int US$
Book Value US$ $3,277 $4,514 $5,395 $6,644 $4,918 $6,403 $12,795 $16,751 $18,160 $17,781 $20,153 $21,568 $21,568 $21,568 $21,568 377.80% <-Total Growth 10 Book Value US$
Book Value per share $3.75 $5.19 $6.18 $7.59 $5.73 $7.45 $13.86 $18.15 $19.67 $19.26 $21.71 $22.44 $22.44 $22.44 $22.44 15.76% <-IRR #YR-> 10 Book Value per share US$
Change 7.28% 38.35% 19.06% 22.77% -24.56% 30.15% 86.00% 30.92% 8.41% -2.09% 12.73% 3.34% 0.00% 0.00% 0.00% 10.11% <-IRR #YR-> 5 Book Value per share US$
-$5.19 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $22.44
-$13.86 $0.00 $0.00 $0.00 $0.00 $22.44
Liabilites Check CDN$ $20,156 $22,149 $35,993 $42,780 $50,798 $47,661 $48,792 $54,767 $64,189 $69,367 $88,438 $113,946 Liabilites Check CDN$
Total Book Value $3,948 $8,156 $11,440 $12,138 $14,821 $17,344 $29,105 $38,205 $44,111 $50,549 $61,772 $79,245 871.60% <-Total Growth 10 Total Book Value CDN$
Preferred Equity CDN$ $599 $803 $860 $1,065 $1,201 $1,653 $2,186 $2,892 $3,295 $4,117 $5,178 Pref. Equity CDN$
Non-Cont. Int CDN$ $2,307 $4,351 $4,713 $7,737 $9,419 $14,695 $18,911 $23,117 $28,342 $34,275 $44,201 Non-Cont. Int CDN$
Book Value CDN$ $3,948 $5,250 $6,286 $6,565 $6,020 $6,724 $12,757 $17,108 $18,102 $18,912 $23,379 $29,866 $29,866 $29,866 $29,866 468.90% <-Total Growth 10 Book Value CDN$
Book Value per share $4.52 $6.04 $7.20 $7.50 $7.01 $7.82 $13.82 $18.53 $19.61 $20.49 $25.19 $31.07 $31.07 $31.07 $31.07 414.50% <-Total Growth 10 Book Value per share CDN$
Change 0.01% 33.55% 19.28% 4.11% -6.55% 11.66% 76.60% 34.11% 5.81% 4.47% 22.95% 23.35% 0.00% 0.00% 0.00% 8.42% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 2.04 2.46 2.91 3.57 2.45 1.73 1.32 1.08 1.10 1.26 1.31 1.41 1.24 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 2.83 2.88 3.48 3.13 1.79 1.99 1.60 1.01 1.24 1.34 1.54 1.38 1.48 1.48 1.48 17.80% <-IRR #YR-> 10 Book Value per share CDN$
Change 62.91% 1.70% 20.91% -10.01% -42.82% 11.37% -19.62% -37.02% 22.82% 8.28% 14.86% -10.26% 7.15% 0.00% 0.00% 17.59% <-IRR #YR-> 5 Book Value per share CDN$
Leverage (A/BK) 6.11 3.72 4.15 4.52 4.43 3.75 2.68 2.43 2.46 2.37 2.43 2.44 2.57 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 5.11 2.72 3.15 3.52 3.43 2.75 1.68 1.43 1.46 1.37 1.43 1.44 1.57 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.37 5 yr Med 1.26 8.42% Diff M/C 3.27 Historical Leverage (A/BK)
-$6.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.07
-$13.82 $0.00 $0.00 $0.00 $0.00 $31.07
$1,610 <-12 mths 3.14%
Comprehensive Income US$ $3,390 $4,610 $3,828 $2,643 $5,620 $2,944 -13.16% <-Total Growth 5 Comprehensive Income US$
NCI $2,162 $1,858 $1,931 $1,318 $2,209 $1,383 -36.03% <-Total Growth 5 Comprehensive Income US$
Shareholders $1,134 $1,089 -$566 $1,829 $1,228 $2,752 $1,897 $1,325 $3,411 $1,561 37.65% <-Total Growth 9 Comprehensive Income US$
Increase -3.97% -151.97% 423.14% -32.86% 124.10% -31.07% -30.15% 157.43% -54.24% -30.15% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $943 $1,266 $1,428 $1,806 $2,123 $2,189 3.61% <-IRR #YR-> 9 Comprehensive Income US$
ROE 21.0% 16.4% -11.5% 28.6% 9.6% 16.4% 10.4% 7.5% 16.9% 7.2% 4.92% <-IRR #YR-> 5 Comprehensive Income US$
5Yr Median 16.4% 16.4% 10.4% 10.4% 10.4% 10.4% US$
% Difference from NI -3.1% 38.4% -187.2% 302.9% -15.5% 40.6% 37.5% -37.5% 9.7% -33.3% US$
Median Values Diff 5, 10 yr 3.3% 9.7% 10.4% <-Median-> 5 Return on Equity US$
-$1,134 $0 $0 $0 $0 $0 $0 $0 $0 $1,561
-$1,228 $0 $0 $0 $0 $1,561
Current Liability Coverage Ratio US$ 0.14 0.18 0.31 0.19 0.21 0.10 0.16 0.27 0.30 0.24 CFO / Current Liabilities US$
5 year Median 0.19 0.19 0.19 0.19 0.21 0.24 0.24 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio US$ 4.06% 3.24% 4.01% 3.22% 4.21% 2.87% 2.77% 1.07% 1.39% 2.66% 2.83% 2.75% 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% 2.7% <-Median-> 5 Return on Assets US$
Return on Assets US$ 2.8% 6.4% 2.9% 1.4% 1.2% 0.7% 1.9% 2.1% 1.3% 1.9% 2.4% 1.7% 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% 1.9% <-Median-> 5 Asset Efficiency Ratio US$
ROE US$ 16.9% 36.8% 21.7% 11.8% 13.2% 7.1% 11.4% 11.7% 7.6% 11.9% 15.4% 10.9% 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% 11.7% <-Median-> 5 Return on Equity US$
$1,409 <-12 mths -39.81%
Net Income US$ Total $3,195 $3,674 $2,747 $3,844 $5,209 $4,669
NCI $1,741 $1,717 $1,367 $1,724 $2,099 $2,328
Shareholders $555 $1,662 $1,170 $787 $649 $454 $1,454 $1,957 $1,380 $2,120 $3,110 $2,341 40.85% <-Total Growth 10 Net Income US$
Increase 36.03% 199.46% -29.60% -32.74% -17.53% -30.05% 220.26% 34.59% -29.48% 53.62% 46.70% -24.73% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $483 $730 $925 $916 $965 $944 $903 $1,060 $1,179 $1,473 $2,004 $2,182 3.48% <-IRR #YR-> 10 Net Income US$
Operating Cash Flow $872 $830 $984 $3,284 $1,567 $1,175 $1,454 $676 $1,497 $2,278 $2,574 $2,788 9.99% <-IRR #YR-> 5 Net Income US$
Investment Cash Flow -$2,581 -$1,296 -$9,111 -$7,398 -$765 -$2,386 -$1,904 -$2,977 -$4,562 -$4,041 -$9,596 -$11,064 11.57% <-IRR #YR-> 10 5 Yr Running Average US$
Total Accruals $2,264 $2,128 $9,297 $4,901 -$153 $1,665 $1,904 $4,258 $4,445 $3,883 $10,132 $10,617 19.30% <-IRR #YR-> 5 5 Yr Running Average US$
Total Assets $20,007 $26,058 $40,708 $55,579 $53,611 $61,902 $78,131 $91,030 $108,644 $112,745 $129,480 $139,514 Balance Sheet Assets US$
Accruals Ratio 11.32% 8.17% 22.84% 8.82% -0.29% 2.69% 2.44% 4.68% 4.09% 3.44% 7.83% 7.61% 4.68% <-Median-> 5 Ratio US$
-$1,662.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,341.0
-$1,454.0 $0.0 $0.0 $0.0 $0.0 $2,341.0
-$730.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,181.6
-$902.8 $0.0 $0.0 $0.0 $0.0 $2,181.6
$2,159 <-12 mths -0.10%
Comprehensive Inc CDN$ $3,380 $4,708 $3,816 $2,811 $6,520 $4,077 20.62% <-Total Growth 5 Comprehensive Income CDN$
NCI $2,156 $1,898 $1,925 $1,402 $2,563 $1,915 -11.15% <-Total Growth 5 Comprehensive Income CDN$
Shareholders $1,321 $1,076 -$693 $1,921 $1,224 $2,811 $1,891 $1,409 $3,957 $2,162 63.59% <-Total Growth 9 Comprehensive Income CDN$
Increase -18.56% -164.38% 377.24% -36.26% 129.57% -32.72% -25.47% 180.79% -45.37% -25.47% <-Median-> 5 Comprehensive Income
5 Yr Running Average $970 $1,268 $1,431 $1,851 $2,258 $2,446 5.62% <-IRR #YR-> 9 Comprehensive Income CDN$
ROE 21.0% 16.4% -11.5% 28.6% 9.6% 16.4% 10.4% 7.5% 16.9% 7.2% 12.04% <-IRR #YR-> 5 Comprehensive Income CDN$
5Yr Median 16.4% 16.4% 10.4% 10.4% 10.4% 10.4%
% Difference from NI -3.1% 38.4% -187.2% 302.9% -15.5% 40.6% 37.5% -37.5% 9.7% -33.3%
Median Values Diff 5, 10 yr 3.3% 9.7% 10.4% <-Median-> 5 Comprehensive Income CDN$
-$1,321 $0 $0 $0 $0 $0 $0 $0 $0 $2,162
-$1,224 $0 $0 $0 $0 $2,162
Current Liability Coverage Ratio 0.14 0.18 0.31 0.19 0.21 0.10 0.16 0.27 0.30 0.24 CFO / Current Liabilities CDN$
5 year Median 0.19 0.19 0.19 0.19 0.21 0.24 0.24 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 3.37% 2.78% 3.44% 3.26% 3.44% 2.74% 2.77% 1.05% 1.39% 2.50% 2.44% 1.99% CFO / Total Assets CDN$
5 year Median 3.05% 3.05% 3.37% 3.37% 3.37% 3.26% 3.26% 2.77% 2.74% 2.50% 2.44% 1.99% 2.0% <-Median-> 5 Return on Assets CDN$
Return on Assets CDN$ 2.8% 6.4% 2.9% 1.4% 1.2% 0.7% 1.9% 2.1% 1.3% 1.9% 2.4% 1.7% Net Income/Assets Return on Assets CDN$
5Yr Median 2.8% 2.8% 2.9% 2.8% 2.8% 1.4% 1.4% 1.4% 1.3% 1.9% 1.9% 1.9% 1.9% <-Median-> 5 Asset Efficiency Ratio CDN$
ROE CDN$ 16.9% 36.8% 21.7% 11.8% 13.2% 7.1% 11.4% 11.7% 7.6% 11.9% 15.4% 10.9% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 15.5% 16.9% 21.7% 16.9% 16.9% 13.2% 11.8% 11.7% 11.4% 11.4% 11.7% 11.7% 11.7% <-Median-> 5 Return on Equity CDN$
$1,890 <-12 mths -41.70%
Net Income CDN$ $3,185 $3,752 $2,738 $4,088 $6,043 $6,465
NCI $1,736 $1,754 $1,363 $1,834 $2,435 $3,224
Shareholders $669 $1,933 $1,363 $778 $794 $477 $1,450 $1,999 $1,376 $2,255 $3,608 $3,242 67.71% <-Total Growth 10 Net Income CDN$
Increase 26.81% 189.07% -29.47% -42.96% 2.15% -39.98% 204.07% 37.88% -31.18% 63.91% 60.01% -10.15% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $693 $950 $1,161 $1,054 $1,107 $1,069 $972 $1,099 $1,219 $1,511 $2,137 $2,496 5.31% <-IRR #YR-> 10 Net Income CDN$
Operating Cash Flow $1,051 $965 $1,147 $3,245 $1,918 $1,234 $1,450 $690 $1,492 $2,423 $2,986 $3,861 17.46% <-IRR #YR-> 5 Net Income CDN$
Investment Cash Flow -$3,110 -$1,507 -$10,616 -$7,310 -$936 -$2,506 -$1,898 -$3,040 -$4,548 -$4,298 -$11,132 -$15,321 10.14% <-IRR #YR-> 10 5 Yr Running Average CDN$
Total Accruals $2,728 $2,475 $10,833 $4,843 -$187 $1,748 $1,898 $4,349 $4,431 $4,130 $11,754 $14,702 20.75% <-IRR #YR-> 5 5 Yr Running Average CDN$
Total Assets $24,104 $30,305 $47,433 $54,918 $65,620 $65,005 $77,897 $92,972 $108,300 $119,916 $150,210 $193,191 Balance Sheet Assets CDN$
Accruals Ratio 11.32% 8.17% 22.84% 8.82% -0.29% 2.69% 2.44% 4.68% 4.09% 3.44% 7.83% 7.61% 4.68% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.78 2.17 0.79 0.40 0.32 0.24 0.66 1.86 0.80 0.68 0.91 0.78 0.73 <-Median-> 10 EPS/CF Ratio CDN$
CDN$
-$1,932.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3,241.7
-$1,449.6 $0.0 $0.0 $0.0 $0.0 $3,241.7
-$950.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,495.8
-$972.3 $0.0 $0.0 $0.0 $0.0 $2,495.8
Chge in Close 62.93% 35.82% 44.22% -6.31% -46.56% 24.35% 41.94% -15.54% 29.96% 13.12% 41.23% 10.69% 7.15% 0.00% 0.00%
up/down/neutral down down down down down down count 7
Any Predictions? Yes % right count 2 28.57%
Financial Cash Flow US$ $2,581 $1,013 $8,380 $4,471 -$1,121 $1,344 $854 $2,650 $3,923 $1,344 $6,633 $8,222 C F Statement Financial CF US$
Total Accruals -$317 $1,115 $917 $430 $968 $321 $1,050 $1,608 $522 $2,539 $3,499 $2,395 Accruals US$
Accruals Ratio -1.58% 4.28% 2.25% 0.77% 1.81% 0.52% 1.34% 1.77% 0.48% 2.25% 2.70% 1.72% 1.77% <-Median-> 5 Ratio US$
Financial Cash Flow CDN$ $3,110 $1,178 $9,764 $4,418 -$1,372 $1,411 $851 $2,707 $3,911 $1,429 $7,695 $11,385 C F Statement Financial CF CDN$
Total Accruals -$382 $1,297 $1,068 $425 $1,185 $337 $1,047 $1,642 $520 $2,700 $4,059 $3,316 Accruals CDN$
Accruals Ratio -1.58% 4.28% 2.25% 0.77% 1.81% 0.52% 1.34% 1.77% 0.48% 2.25% 2.70% 1.72% 1.77% <-Median-> 5 Ratio CDN$
Cash US$ $0 $0 $0 $0 $0 $1,309 $1,713 $2,027 $2,844 $1,375 $3,160 $2,774 $4,020 Cash US$
Cash CDN$ $1,375 $1,708 $2,070 $2,835 $1,462 $3,666 $3,841 $5,392 Cash CDN$
Cash per Share $1.60 $1.85 $2.24 $3.07 $1.58 $3.95 $4.00 $5.61 $3.07 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 10.26% 8.36% 12.00% 12.64% 5.76% 10.18% 9.30% 12.18% 10.18% <-Median-> 5 % of Stock Price CDN$
Notes
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)
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 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.
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.
This Canadian Asset Managing company invests in and operates a variety of assets on its own behalf as well as co-investors. It is focused on property, power and infrastructure assets.
It operates in Canada, US and internationally.
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
Date Oct 02 2012 Nov 03 2013 Nov 02 2014 Nov 07 2015 Nov 05 2016
Flatt, J. Bruce 21.312 2.31% 24.710 2.68% 25.934 2.79% 27.101 2.82% 35.256 3.67%
CEO - Shares - Amount $517.730 $679.023 $1,006.488 $1,164.239 $1,622.841
Options - percentage 4.758 0.52% 4.585 0.49% 6.161 0.64% 3.708 0.39%
Options - amount $130.749 $177.929 $264.688 $170.665
Lawson, Brian 7.759 0.84% 8.094 0.88% 8.446 0.91% 10.594 1.10% 10.563 1.10%
CFO - Shares - Amount $188.482 $222.417 $327.804 $455.104 $486.235
Options - percentage 4.784 0.52% 4.808 0.52% 6.728 0.70% 4.290 0.45%
Options - amount $131.460 $186.609 $289.044 $197.453
Blidner, Jeffrey Miles 5.437 0.59% 5.781 0.62% 6.807 0.71% 6.671 0.69%
Officer - Shares - Amount $149.400 $224.354 $292.421 $307.061
Options - percentage 4.466 0.48% 4.488 0.48% 6.642 0.69% 4.651 0.48%
Options - amount $122.736 $174.180 $285.333 $214.106
Coutu, Marcel R. 0.052 0.01% 0.041 0.00% 0.105 0.01% 0.105 0.01%
Director - Shares - Amount $1.434 $1.607 $4.493 $4.815
Options - percentage 0.029 0.00% 0.031 0.00% 0.032 0.00% 0.038 0.00%
Options - amount $0.787 $1.194 $1.393 $1.731
McKenna, Frank 0.000 0.00% 0.000 0.00% 0.000 0.00%
Chairman - Shares - Amt $0.000 $0.000 $0.000
Options - percentage 0.102 0.01% 0.118 0.01% 0.137 0.01%
Options - amount $3.947 $5.074 $6.291
Price, Timothy Robert 13.364 1.44% 15.444 1.61% 9.371 0.97%
10% Holder - Shares - Amount $518.662 $663.491 $431.349
Options - percentage 0.316 0.03% 0.430 0.04% 0.430 0.04%
Options - amount $12.274 $18.483 $19.804
Partners Limited 1.301 0.14% 1.301 0.14% Apparently 20% via
10% Holder - Shares - Amount $55.901 $59.896 direct/indirect holdings
Class B 0.431 506.25% 0.431 506.25% makes no sense
10% Holder - Shares - Amount $18.512 $19.835 owns all Cl B shares
BAM Investments Corp. 84.339 9.14% 84.339 9.09% 128.758 13.39% 128.759 13.39% last dated Sep 2015
10% Holder - Shares - Amount $2,048.9 $3,273.210 $5,531.430 $5,926.756
Increase in O/S Shares 3.973 0.43% 6.664 0.72% 4.591 0.49% 11.409 1.19%
due to SO $109.189 $183.114 $178.174 $490.144
Book Value $24.000 $65.000 $53.000 $39.000
Insider Buying -$0.409 $0.000
Insider Selling $97.046 $38.613
Net Insider Selling $36.737 $96.636 $38.613
% of Market Cap 0.14% 0.38% 0.15%
Directors 16 16 16
Women 2 13% 2 13% 4 25%
Minorities 1 6% 1 6% 1 6%
Institutions/Holdings 420 62.51% 407 59.98% no info. 555 58.10% 569 58.42%
Total Shares Held 585.187 63.39% 560.548 60.72% 569.957 61.74% 576.922 60.02%
Increase/Decrease 6.459 1.12% 1.750 0.31% -9.795 -1.69% -0.168 -0.03%
Starting No. of Shares 578.728 558.799 579.752 577.090
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