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
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Canexus Corporation TSX: CUS OTC: CXUSF www.canexus.ca  Fiscal Yr: Dec 31 Q1 2016
Year 12/30/04 12/31/05 12/31/06 12/31/07 12/30/08 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
Accounting Rules C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
$556.7 <-12 mths -1.00%
Revenue* $397.4 $405.3 $413.6 $474.4 $458.5 $457.4 $497.7 $582.4 $553.0 $570.9 $562.3 $580 $602 $623 41.49% <-Total Growth 10 Revenue
Increase 1.99% 2.04% 14.70% -3.35% -0.25% 8.82% 17.02% -5.06% 3.24% -1.50% 3.15% 3.79% 3.49% 3.53% <-IRR #YR-> 10 Revenue
5 year Running Average $429.9 $441.8 $460.3 $494.1 $509.8 $532.3 $553.3 $569.7 $573.6 $587.6 4.22% <-IRR #YR-> 5 Revenue
Revenue per Share $12.52 $12.77 $13.03 $14.57 $13.55 $11.63 $4.21 $4.33 $3.61 $3.10 $3.01 $3.10 $3.22 $3.33 4.60% <-IRR #YR-> 5 5 yr Running Average
Increase 1.99% 2.04% 11.81% -7.00% -14.17% -63.79% 2.75% -16.51% -14.27% -2.80% 3.15% 3.79% 3.49% 4.60% <-IRR #YR-> 5 5 yr Running Average
5 year Running Average $13.28 $13.11 $11.39 $9.65 $7.46 $5.37 $3.65 $3.43 $3.21 $3.15 -13.29% <-IRR #YR-> 10 Revenue per Share
P/S (Price/Sales) Med 0.71 0.61 0.45 0.28 0.32 0.55 1.54 1.76 2.13 1.66 0.69 -23.69% <-IRR #YR-> 5 Revenue per Share
P/S (Price/Sales) Close 0.70 0.54 0.35 0.21 0.41 0.61 1.53 1.96 1.98 1.05 0.45 0.50 0.48 0.46 -22.56% <-IRR #YR-> 5 5 yr Running Average
* Sales Revenue in M CDN $  P/S Med 10 yr  0.65 5 yr  1.66 -22.68% Diff M/C -22.56% <-IRR #YR-> 5 5 yr Running Average
-$397.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $562.3
-$457.4 $0.0 $0.0 $0.0 $0.0 $562.3
-$441.8 $0.0 $0.0 $0.0 $0.0 $553.3
-$441.8 $0.0 $0.0 $0.0 $0.0 $553.3
-$12.52 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.01
-$11.63 $0.00 $0.00 $0.00 $0.00 $3.01
-$13.11 $0.00 $0.00 $0.00 $0.00 $3.65
-$13.11 $0.00 $0.00 $0.00 $0.00 $3.65
-$0.91 <-12 mths 15.74%
EPS Basic $0.35 $0.51 $0.17 -$0.08 $0.83 $0.03 $0.41 $0.32 $0.08 -$1.39 -$1.17 -434.29% <-Total Growth 10 EPS Basic
EPS Diluted* $0.35 $0.51 $0.17 -$0.08 $0.78 $0.03 $0.36 $0.31 $0.06 -$1.39 -$1.08 $0.12 $0.13 $0.17 -408.57% <-Total Growth 10 EPS Diluted
Increase 45.71% -66.67% -147.06% 1075.00% -96.15% 1100.00% -13.89% -80.65% -2417% 22% 111.11% 8.33% 30.77% #NUM! <-IRR #YR-> 10 Earnings per Share -408.57%
Earnings Yield 4.0% 7.5% 3.7% -2.7% 14.2% 0.4% 5.6% 3.7% 0.8% -42.6% -80.0% 7.7% 8.4% 11.0% #NUM! <-IRR #YR-> 5 Earnings per Share -3700.00%
5 year Running Average $0.35 $0.28 $0.25 $0.28 $0.31 -$0.13 -$0.35 -$0.40 -$0.43 -$0.41 #NUM! <-IRR #YR-> 6 5 yr Running Average -200.58%
10 year Running Average $0.11 -$0.03 -$0.07 -$0.08 -$0.05 #NUM! <-IRR #YR-> 5 5 yr Running Average -223.40%
* Diluted ESP per share  E/P 10 Yrs 2.25% 5Yrs 0.84%
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$1.08
-$0.03 $0.00 $0.00 $0.00 $0.00 -$1.08
-$0.35 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.35
-$0.28 $0.00 $0.00 $0.00 $0.00 -$0.35
Comments  Transition
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $0.25 $0.87 $0.87 $0.55 $0.55 $0.55 $0.46 $0.55 $0.55 $0.47 $0.13 $0.04 $0.04 $0.04 -48.47% <-Total Growth 10 Dividends
Increase 246.73% 0.00% -37.45% 0.00% 0.00% -16.67% 20.00% 0.00% -13.45% -72.55% -69.23% 0.00% 0.00% 0.00% <-Median-> 10 Increase
Dividends 5 Yr Running $0.62 $0.68 $0.59 $0.53 $0.53 $0.51 $0.43 $0.35 $0.25 $0.14 #DIV/0! <-Total Growth 6 Dividends 5 Yr Running
Yield H/L Price 2.83% 11.32% 14.85% 13.60% 12.61% 8.61% 7.04% 7.18% 7.11% 9.21% 6.30% 2.99% 8.91% <-Median-> 10 Yield H/L Price
Yield on High  Price 2.52% 9.40% 11.39% 10.13% 9.43% 7.74% 6.07% 6.32% 5.70% 6.31% 4.29% 2.50% 7.03% <-Median-> 10 Yield on High  Price
Yield on Low Price 3.21% 14.22% 21.34% 20.65% 19.00% 9.70% 8.37% 8.32% 9.45% 17.10% 11.82% 3.70% 13.02% <-Median-> 10 Yield on Low Price
Yield on Close Price 2.88% 12.79% 19.23% 18.24% 9.93% 7.74% 7.06% 6.45% 7.64% 14.53% 9.63% 2.58% 2.58% 2.58% 9.78% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 72.09% 171.53% 514.59% -684.00% 70.15% 1824.00% 126.67% 176.52% 912.00% -34.07% -12.04% 33.33% 30.77% 23.53% 149.10% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 178.98% 240.51% 235.90% 188.91% 171.74% -408.13% -123.79% -87.78% -56.98% -35.30% 178.98% <-Median-> 7 DPR EPS 5 Yr Running
Payout Ratio CFPS 99.97% 100.01% 100.00% 101.69% 118.04% 163.40% 53.54% 72.30% 108.51% 690.76% 37.32% 12.90% 12.50% #DIV/0! 100.85% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 103.09% 109.89% 97.04% 89.80% 90.85% 102.18% 85.15% 87.42% 79.35% #DIV/0! 97.04% <-Median-> 7 DPR CF 5 Yr Running
Payout Ratio CFPS WC 101.23% 100.47% 100.02% 101.67% 118.19% 118.52% 48.88% 54.83% 89.41% 115.33% 33.82% 12.90% 12.50% #DIV/0! 100.24% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 103.35% 105.70% 90.89% 77.93% 76.27% 75.28% 64.53% 64.01% 60.42% #DIV/0! 77.93% <-Median-> 7 DPR CF WC 5 Yr Running
Median Values 5 Yr Med 5 Yr Cl 7.11% 7.64% 5 Yr Med Payout 126.67% 72.30% 54.83% -6.42% <-IRR #YR-> 10 Dividends
* Dividends per share  5 Yr Med and Cur. -63.71% -66.23% Last Div Inc ---> $0.1368 $0.0100 -92.7% -24.98% <-IRR #YR-> 5 Dividends
-$0.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.13
-$0.55 $0.00 $0.00 $0.00 $0.00 $0.13
Historical Dividends Historical High Div 21.20% Low Div 2.88% Ave Div 12.04% Med Div 8.61% Close Div 9.63% Historical Dividends
High/Ave/Median Values Curr diff Exp. -87.83% Exp -10.39% Exp. -78.57% Exp. -70.03% Exp. -73.20% High/Ave/Median 
Future Dividend Yield Div Yd $0.03 earning in 5.00 Years at IRR of 3.00% Div Inc. 15.93% Future Dividend Yield
Future Dividend Yield Div Yd 3.47% earning in 10.00 Years at IRR of 3.00% Div Inc. 34.39% Future Dividend Yield
Future Dividend Yield Div Yd 4.02% earning in 15.00 Years at IRR of 3.00% Div Inc. 55.80% Future Dividend Yield
From beginning 57.98% 63.83% 69.45% 86.06% From beginning
Cost cover if held 5 years 38.00% 38.45% 44.90% 65.71% 59.24% 33.89% 26.82% 16.15% 9.40% 41.68% <-Median-> 6 Paid Median Price
Cost cover if held 10 years 62.13% 60.94% 65.80% 83.69% 62.13% <-Median-> 1 Paid Median Price
Cost cover if held 15 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Cost cover if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Yield if held 5 yrs 6.13% 5.90% 9.29% 13.60% 10.91% 2.05% 0.62% 0.52% 0.52% 7.71% <-Median-> 6 Paid Median Price
Yield if held 10 yrs 1.46% 0.52% 0.68% 0.99% 1.46% <-Median-> 1 Paid Median Price
Yield if held 15 yrs #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Yield if held 20 yrs #DIV/0! #NUM! <-Median-> 0 Paid Median Price
Graham No. $8.89 $10.57 $5.91 $5.66 $12.22 $2.26 $3.17 $3.48 $1.70 $1.11 -$2.17 #NUM! #NUM! #NUM! -124.43% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.00 0.73 1.00 0.71 0.36 2.81 2.04 2.19 4.52 4.63 -0.95 #NUM! 1.52 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Hi 1.12 0.88 1.30 0.95 0.47 3.13 2.37 2.49 5.64 6.77 -1.40 #NUM! 1.83 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.88 0.58 0.69 0.47 0.24 2.50 1.72 1.89 3.40 2.50 -0.51 #NUM! 1.21 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Cl 0.98 0.65 0.77 0.53 0.45 3.13 2.04 2.43 4.20 2.94 -0.62 #NUM! #NUM! #NUM! 1.40 <-Median-> 10 Price/GP Ratio
Prem/Disc CL -1.57% -35.26% -23.03% -47.01% -54.92% 212.89% 103.54% 143.39% 320.35% 193.97% -162.15% #NUM! #NUM! #NUM! 40.25% <-Median-> 10 Graham Price
Price Close $10.00 $8.75 $6.84 $4.55 $3.00 $5.51 $7.07 $6.46 $8.48 $7.16 $3.26 $1.35 $1.55 $1.55 $1.55 -84.57% <-Total Growth 10 Stock Price
Increase -12.50% -21.83% -33.48% -34.07% 83.67% 28.31% -8.63% 31.27% -15.57% -54.47% -58.59% 14.81% 0.00% 0.00% -17.05% <-IRR #YR-> 10 Stock Price
P/E 25.00 13.41 26.76 -37.50 7.06 235.67 17.94 27.35 119.33 -2.35 -1.25 12.92 11.92 9.12 -28.19% <-IRR #YR-> 5 Stock Price
Trailing P/E 19.54 8.92 17.65 -68.88 9.06 215.33 23.56 23.10 54.33 -0.97 -1.44 12.92 11.92 -3.96% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 13.09% 11.15% % Tot Ret -331% -65.42% Price Inc -15.57% P/E:  15.68 17.94 -17.04% <-IRR #YR-> 5 Price & Dividend
-$8.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.35
-$7.07 $0.00 $0.00 $0.00 $0.00 $1.35
-$8.75 $0.87 $0.87 $0.55 $0.55 $0.55 $0.46 $0.55 $0.55 $0.47 $1.48
-$7.07 $0.46 $0.55 $0.55 $0.47 $1.48
Price H/L Median $8.93 $7.73 $5.89 $4.03 $4.34 $6.36 $6.48 $7.62 $7.70 $5.14 $2.07 $1.34 -76.86% <-Total Growth 10 Stock Price
Increase -13.39% -23.80% -31.66% 7.83% 46.43% 1.97% 17.59% 0.98% -33.20% -59.82% -35.11% -13.62% <-IRR #YR-> 10 Stock Price
P/E 25.50 15.16 34.65 -50.31 5.56 211.83 18.00 24.58 128.25 -3.70 -1.91 11.17 -20.13% <-IRR #YR-> 5 Stock Price
Trailing P/E 22.09 11.55 23.68 -54.25 8.15 216.00 21.17 24.82 85.67 -1.49 -1.24 -2.52% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 12.54 22.54 25.71 27.21 24.98 -40.79 -5.93 -3.38 -9.94% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 46.73 -62.58 -18.61 18.00 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 11.09% 10.19% % Tot Ret -439.39% -102.55% Price Inc 0.98% P/E:  16.58 18.00 Count 11 Years of data
-$8.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.07
-$6.36 $0.00 $0.00 $0.00 $0.00 $2.07
-$8.93 $0.87 $0.87 $0.55 $0.55 $0.55 $0.46 $0.55 $0.55 $0.47 $2.20
-$6.36 $0.46 $0.55 $0.55 $0.47 $2.20
High Months Jan May Apr Dec Dec Apr Dec Mar Jan Feb Jun
Price High $10.00 $9.31 $7.68 $5.40 $5.80 $7.07 $7.51 $8.66 $9.60 $7.51 $3.03 $1.60 -69.70% <-Total Growth 10 Stock Price
Increase -6.90% -17.51% -29.69% 7.41% 21.90% 6.22% 15.31% 10.85% -21.77% -59.65% -47.19% -11.25% <-IRR #YR-> 10 Stock Price
P/E 28.57 18.25 45.18 -67.50 7.44 235.67 20.86 27.94 160.00 -5.40 -2.81 13.33 -15.59% <-IRR #YR-> 5 Stock Price
Trailing P/E 26.60 15.06 31.76 -72.50 9.06 250.33 24.06 30.97 125.17 -2.18 -1.48 20.86 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 6.22% P/E:  19.56 20.86 114.07 P/E Ratio Historical High
-$10.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.03
-$7.07 $0.00 $0.00 $0.00 $0.00 $3.03
Low Months Nov Nov Dec Dec Mar Jan Oct Jan Nov Dec Aug Feb
Price Low $7.85 $6.15 $4.10 $2.65 $2.88 $5.64 $5.45 $6.58 $5.79 $2.77 $1.10 $1.08 -85.99% <-Total Growth 10 Stock Price
Increase -21.66% -33.33% -35.37% 8.68% 95.83% -3.37% 20.73% -12.01% -52.16% -60.29% -1.82% -17.84% <-IRR #YR-> 10 Stock Price
P/E 22.43 12.06 24.12 -33.13 3.69 188.00 15.14 21.23 96.50 -1.99 -1.02 9.00 -27.89% <-IRR #YR-> 5 Stock Price
Trailing P/E 17.57 8.04 15.59 -36.00 7.23 181.67 18.28 18.68 46.17 -0.79 -1.00 15.14 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc -12.01% P/E:  13.60 15.14 -1.60 P/E Ratio Historical Low
-$7.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.10
Long Term Debt $336.54 $303.90 $294.72 Debt
Ratio to Market Cap 0.56 1.20 1.02 <----- 0.88 <-Median-> 2 % of Market C.
Intangible Assets $5.94 $7.93 $1.19 $0.00 $0.00 Intangibles Goodwill
Ratio to Market Cap 0.01 0.01 0.00 0.00 0.00 0.00 <-Median-> 4 % of Market C.
Market Cap $278 $217 $144 $98 $187 $278 $764 $1,142 $1,096 $601 $252 $290 $290 $290 158.21% <-Total Growth 9 Market Cap
Diluted # of Sh in Million 31.97 36.76 36.75 124.93 122.98 161.56 179.90 209.00 200.05
Average # of Sh in M 31.38 31.75 31.75 31.97 33.25 36.75 108.20 121.61 144.88 179.90 186.37 186.89  # of Sh in M Average
Increase 1.18% 0.00% 0.71% 4.00% 10.50% 194.44% 12.40% 19.13% 24.17% 3.60% 0.28% Increase
Difference 1.2% 0.0% 0.0% 1.9% 1.8% 7.1% 9.3% 10.7% 5.7% 2.5% 0.3% 0.0% Difference
$90.35 <-12 mths 38.79%
# of Sh in M 30.000 31.750 31.750 31.750 32.571 33.849 39.341 118.241 134.664 153.136 184.415 186.888 186.888 186.888 186.888 19.39% <-IRR #YR-> 10 Shares
Increase 5.83% 0.00% 0.00% 2.59% 3.92% 16.23% 200.55% 13.89% 13.72% 20.43% 1.34% 0.00% 0.00% 0.00% 36.57% <-IRR #YR-> 5 Shares
CF fr Op $M $8.0 $27.8 $27.8 $17.5 $15.7 $13.2 $100.7 $101.9 $77.2 $12.6 $65.1 $57.9 $59.8 712.39% <-Total Growth 10 Cash Flow
Increase 246.60% 0.01% -36.90% -10.47% -16.03% 664.40% 1.20% -24.24% -83.63% 414.84% -11.00% 3.23% S.Issue DRIP, SO Deb. Conv
5 year Running Average $19.4 $20.4 $35.0 $49.8 $61.7 $61.1 $71.5 $63.0 $54.5 104.48% <-Total Growth 6 CF 5 Yr Running
CFPS $0.25 $0.87 $0.87 $0.54 $0.46 $0.33 $0.85 $0.76 $0.50 $0.07 $0.35 $0.31 $0.32 38.02% <-Total Growth 10 Cash Flow per Share
Increase 246.60% 0.01% -38.49% -13.85% -27.76% 154.33% -11.14% -33.37% -86.40% 408.03% -11.00% 3.23% 23.30% <-IRR #YR-> 10 Cash Flow 712.39%
5 year Running Average $0.60 $0.62 $0.61 $0.59 $0.58 $0.50 $0.51 $0.40 $0.31 37.65% <-IRR #YR-> 5 Cash Flow 394.09%
P/CF on Med Price 35.36 8.84 6.73 7.48 9.36 18.98 7.61 10.07 15.26 74.97 5.93 3.27% <-IRR #YR-> 10 Cash Flow per Share 38.02%
P/CF on Closing Price 34.67 7.82 5.20 5.58 11.89 21.11 7.58 11.20 14.20 47.55 3.88 5.00 4.84 0.79% <-IRR #YR-> 5 Cash Flow per Share 4.01%
-45.05% Diff M/C -2.82% <-IRR #YR-> 6 CFPS 5 yr Running -15.78%
Excl.Working Capital CF -$0.100 -$0.127 -$0.005 $0.004 -$0.019 $4.988 $9.6 $32.5 $16.5 $63.1 $6.7 $0.0 $0.0 -3.90% <-IRR #YR-> 5 CFPS 5 yr Running -18.03%
CF fr Op $M WC $7.9 $27.6 $27.8 $17.5 $15.7 $18.2 $110.3 $134.4 $93.7 $75.7 $71.8 $57.9 $59.8 807.81% <-Total Growth 10 Cash Flow less WC
Increase 249.37% 0.45% -36.87% -10.60% 15.89% 507.34% 21.84% -30.27% -19.20% -5.14% -19.35% 3.23% 24.68% <-IRR #YR-> 10 Cash Flow less WC 807.81%
5 year Running Average $19.3 $21.4 $37.9 $59.2 $74.5 $86.5 $97.2 $86.7 $71.8 31.65% <-IRR #YR-> 5 Cash Flow less WC 295.50%
CFPS Excl. WC $0.25 $0.87 $0.87 $0.54 $0.46 $0.46 $0.93 $1.00 $0.61 $0.41 $0.38 $0.31 $0.32 30.92% <-IRR #YR-> 6 CF less WC 5 Yr Run 403.46%
Increase 249.37% 0.45% -38.47% -13.97% -0.28% 102.08% 6.98% -38.68% -32.90% -6.40% -19.35% 3.23% 35.40% <-IRR #YR-> 5 CF less WC 5 Yr Run 355.14%
5 year Running Average $0.60 $0.64 $0.65 $0.68 $0.69 $0.68 $0.67 $0.54 $0.41 4.43% <-IRR #YR-> 10 CFPS - Less WC 54.23%
P/CF on Med Price 35.81 8.88 6.73 7.48 9.37 13.76 6.95 7.63 12.57 12.52 5.37 -3.60% <-IRR #YR-> 5 CFPS - Less WC -16.74%
P/CF on Closing Price 35.11 7.86 5.20 5.57 11.90 15.31 6.92 8.50 11.70 7.94 3.51 5.00 4.84 1.82% <-IRR #YR-> 6 CFPS 5 yr Running 11.42%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 9.10 5 yr  10.07 P/CF Med 10 yr 8.26 5 yr  7.63 -39.44% Diff M/C 0.80% <-IRR #YR-> 5 CFPS 5 yr Running 4.04%
-$0.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.35 Cash Flow per Share
-$0.33 $0.00 $0.00 $0.00 $0.00 $0.35 Cash Flow per Share
-$0.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.51 CFPS 5 yr Running
-$0.62 $0.00 $0.00 $0.00 $0.00 $0.51 CFPS 5 yr Running
-$7.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $71.8 Cash Flow less WC
-$18.2 $0.0 $0.0 $0.0 $0.0 $71.8 Cash Flow less WC
-$19.3 $0.0 $0.0 $0.0 $0.0 $0.0 $97.2 CF less WC 5 Yr Run
-$21.4 $0.0 $0.0 $0.0 $0.0 $97.2 CF less WC 5 Yr Run
-$0.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.38 CFPS - Less WC
-$0.46 $0.00 $0.00 $0.00 $0.00 $0.38 CFPS - Less WC
-$0.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.67 CFPS 5 yr Running
-$0.64 $0.00 $0.00 $0.00 $0.00 $0.67 CFPS 5 yr Running
OPM 2.02% 6.85% 6.72% 3.69% 3.42% 2.88% 20.24% 17.50% 13.96% 2.21% 11.58% 474.18% <-Total Growth 10 OPM
Increase 239.84% -1.99% -44.99% -7.37% -15.82% 602.44% -13.52% -20.20% -84.14% 422.69% Should increase  or be stable.
Diff from Median -70.3% 1.0% -1.0% -45.5% -49.6% -57.5% 198.3% 158.0% 105.9% -67.4% 70.7% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 6.78% 5 Yrs 13.96% should be  zero, it is a   check on calculations
Current Assets $2.32 $2.35 $1.52 $3.28 $1.98 $2.89 $99.73 $110.85 $113.86 $127.46 $96.73 $105.85 Liquidity ratio of 1.5 and up, best
Current Liabilities $2.41 $2.57 $1.45 $2.97 $1.57 $4.12 $86.51 $171.93 $151.92 $154.24 $118.08 $112.04 0.87 <-Median-> 10 Ratio
Liquidity 0.96 0.91 1.05 1.10 1.26 0.70 1.15 0.64 0.75 0.83 0.82 0.94 0.82 <-Median-> 5 Ratio
Liq. with CF aft div 0.96 0.91 1.05 1.00 -0.54 -1.33 1.69 0.81 0.71 0.34 1.16 1.40 0.81 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  0.01 0.91 1.05 0.48 -0.01 -0.09 1.05 0.46 0.38 0.16 1.16 1.40 0.46 <-Median-> 5 Ratio
Curr Long Term Db $49.644 $0.000 $59.580 $0.000 $0.000
Liquidity Less CLTD 0.91 0.75 1.35 0.82 0.94 0.86 <-Median-> 4 Ratio
Liq. with CF aft div 1.28 0.80 1.33 1.18 1.40 1.23 <-Median-> 4 Ratio
Assets $321.01 $311.45 $304.18 $287.52 $383.35 $435.23 $781.52 $903.82 $1,148.93 $1,020.10 $710.59 $709.24 Debt Ratio of 1.5 and up, best
Liabilities $2.41 $2.57 $14.10 $14.54 $87.54 $123.67 $634.47 $669.44 $819.80 $852.11 $746.88 $735.86 2.46 <-Median-> 10 Ratio
Debt Ratio 132.98 121.19 21.57 19.77 4.38 3.52 1.23 1.35 1.40 1.20 0.95 0.96 1.23 <-Median-> 5 Ratio
Total Book Value $318.59 $308.88 $290.08 $272.98 $295.81 $311.55 $147.05 $234.37 $329.12 $168.00 -$36.28 -$26.62 -$26.62 -$26.62 -111.39% <-Total Growth 10 Book Value
Equity of Debentures $0.00 $0.00 $0.00 $0.00 $7.63 $13.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Book Value $318.59 $308.88 $290.08 $272.98 $288.17 $297.58 $147.05 $234.37 $329.12 $168.00 -$36.28 -$26.62 -$26.62 -$26.62 -111.39% <-Total Growth 10 Book Value
Book Value per share $10.03 $9.73 $9.14 $8.38 $8.51 $7.56 $1.24 $1.74 $2.15 $0.91 -$0.19 -$0.14 -$0.14 -$0.14 -101.93% <-Total Growth 10 Book Value per Share
Change -3.05% -6.09% -8.27% 1.58% -11.15% -83.56% 39.95% 23.49% -57.61% -121.31% -26.64% -1431.55% P/B Ratio Current/10 Year Median
P/B Ratio (Median) 0.89 0.79 0.64 0.48 0.51 0.84 5.21 4.38 3.58 5.64 -10.64 -9.41 0.84 P/B Ratio Historical Median
P/B Ratio (Close) 0.87 0.70 0.50 0.36 0.65 0.93 5.19 4.87 3.33 3.58 -6.95 -10.88 -10.88 -10.88 #NUM! <-IRR #YR-> 10 Book Value per Share -101.93%
Change -19.37% -29.17% -28.12% 80.81% 44.42% 455.75% -6.20% -31.63% 7.42% -294.31% 56.52% #NUM! <-IRR #YR-> 5 Book Value per Share -102.57%
Leverage (A/BK) 1.01 1.01 1.05 1.05 1.30 1.40 5.31 3.86 3.49 6.07 -19.58 -26.65 1.35 <-Median-> 10 A/BV
Debt/Equity Ratio 0.01 0.01 0.05 0.05 0.30 0.40 4.31 2.86 2.49 5.07 -20.58 0.35 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 0.82 5 yr Med 4.38 -1431.55% Diff M/C 1.30 Historical 11 A/BV
-$10.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.19
-$7.56 $0.00 $0.00 $0.00 $0.00 -$0.19
-$91.45 <-12 mths 54.99%
Comprehensive Inc $27.53 $1.20 $44.14 $34.43 $27.42 -$249.09 -$203.16 -560.27% <-Total Growth 6 Comprehensive Income
Increase -95.63% 3572.21% -22.01% -20.35% -1008.39% 18.44% -20.35% <-Median-> 5 Comprehensive Income
ROE 9.3% 0.4% 30.0% 14.7% 8.3% -148.3% 559.9% 14.7% <-Median-> 5 Comprehensive Income
5Yr Median 9.3% 12.0% 9.3% 8.3% 14.7% #NUM! <-IRR #YR-> 6 Comprehensive Income -838.10%
% Difference from NI 0.0% 0.0% -1.0% -13.6% 125.2% 0.0% -193.5% #NUM! <-IRR #YR-> 5 Comprehensive Income -17002.00%
Median Values Diff 5, 10 yr 0.0% -1.0%
-$27.5 $0.0 $0.0 $0.0 $0.0 $0.0 -$203.2
-$1.2 $0.0 $0.0 $0.0 $0.0 -$203.2
Current Liability Coverage Ratio 3.32 10.79 19.16 5.90 10.01 3.20 1.16 0.59 0.51 0.08 0.55   CFO / Current Liabilities
5 year Median 10.01 10.01 5.90 3.20 1.16 0.59 0.55 0.55 <-Median-> 5 Current Liability Cov Ratio
Asset Efficiency Ratio 2.50% 8.92% 9.13% 6.10% 4.09% 3.03% 12.89% 11.28% 6.72% 1.24% 9.16% CFO / Total Assets
5 year Median 6.10% 6.10% 6.10% 6.10% 6.72% 6.72% 9.16% 9.2% <-Median-> 5 Return on Assets 
Return on Assets ROA 3.4% 5.2% 1.8% -0.9% 7.2% 0.3% 5.7% 4.4% 1.1% -24.4% -30.6% Net  Income/Assets Return on Assets
5Yr Median 3.4% 1.8% 1.8% 4.4% 4.4% 1.06% 1.06% 1.1% <-Median-> 5 Asset Efficiency Ratio
Return on Equity ROE 3.5% 5.2% 1.9% -0.9% 9.3% 0.4% 30.3% 17.0% 3.7% -148.3% -598.9% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 3.5% 1.9% 1.9% 9.3% 9.3% 3.7% 3.7% 3.7% <-Median-> 5 Return on Equity
-$194.86 <-12 mths 10.33%
Net Income $11.03 $16.12 $5.53 -$2.59 $27.53 $1.20 $44.57 $39.85 $12.18 -$249.09 -$217.31 $24.01 $24.60 -2071.08% <-Total Growth 10 Net Income
Increase 46.23% -65.68% -146.76% 1163.97% -95.63% 3607.57% -10.59% -69.45% -2145.91% 12.76% 111.05% 2.47% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $11.5 $9.6 $15.2 $22.1 $25.1 -$30.3 -$74.0 -$78.1 -$81.1 #NUM! <-IRR #YR-> 10 Net Income -2071.08%
Operating Cash Flow $8.01 $27.77 $27.78 $17.53 $15.69 $13.18 $100.71 $101.92 $77.22 $12.64 $65.10 #NUM! <-IRR #YR-> 5 Net Income -18179.20%
Investment Cash Flow -$317.50 $0.00 $0.00 -$3.30 -$83.56 -$57.20 -$53.22 -$128.00 -$128.00 -$170.94 $11.16 #NUM! <-IRR #YR-> 6 5 Yr Running Average -741.84%
Total Accruals $320.51 -$11.65 -$22.24 -$16.81 $95.40 $45.23 -$2.93 $65.92 $62.95 -$90.79 -$293.57 #NUM! <-IRR #YR-> 5 5 Yr Running Average -873.75%
Total Assets $321.01 $311.45 $304.18 $287.52 $383.35 $435.23 $781.52 $903.82 $1,148.93 $1,020.10 $710.59 Balance Sheet Assets
Accruals Ratio 99.85% -3.74% -7.31% -5.85% 24.89% 10.39% -0.37% 7.29% 5.48% -8.90% -41.31% -0.37% <-Median-> 5 Ratio
EPS/CF Ratio 1.40 0.59 0.19 -0.15 1.68 0.06 0.39 0.31 0.10 -3.38 -2.81 0.15 <-Median-> 10 EPS/CF Ratio
-$11 $0 $0 $0 $0 $0 $0 $0 $0 $0 -$217
-$1 $0 $0 $0 $0 -$217
-$12 $0 $0 $0 $0 $0 -$74
-$10 $0 $0 $0 $0 -$74
Change in Close -12.50% -21.83% -33.48% -34.07% 83.67% 28.31% -8.63% 31.27% -15.57% -54.47% -58.59% 14.81% 0.00% 0.00% count 12 Change in Close
up/down down up up down down down down up up count 9
Meet Prediction? Yes Yes Yes Yes Yes yes % right count 6 66.67%
Financial. Cash Flow -$309.49 -$27.78 -$27.78 -$14.22 $68.27 $43.72 -$46.52 $33.36 $33.36 $159.50 -$70.81 C F Statement  Financial CF
Total Accruals $630.00 $16.12 $5.53 -$2.59 $27.13 $1.51 $43.60 $32.57 $29.60 -$250.29 -$222.76 Accruals
Accruals Ratio 196.26% 5.18% 1.82% -0.90% 7.08% 0.35% 5.58% 3.60% 2.58% -24.54% -31.35% 2.58% <-Median-> 5 Ratio
Cash $0.002 $0.000 $0.000 $0.001 $0.394 $0.083 $2.60 $9.44 $9.44 $3.29 $8.79 $4.03 Cash
Cash per Share $0.00 $0.00 $0.00 $0.00 $0.01 $0.00 $0.02 $0.07 $0.06 $0.02 $0.05 $0.02 $0.05 <-Median-> 5 Cash per Share
Percentage of Stock Price 0.00% 0.00% 0.00% 0.00% 0.21% 0.03% 0.34% 0.83% 0.86% 0.55% 3.49% 1.39% 0.83% <-Median-> 5 % of Stock Price
June 10, 2016.  Last estimates were for 2015, 2016 and 2017 of $580M, $579M and $585M for Revenue, -$0.02 and $0.09 for EPS for 2015 and 2016, $0.32, $0.38 and $0.47 for CFPS and $5.76M and $25.60M for Net Income for 2015 and 2016.
June 20, 2015.  Last estimates were for 2014 and 2015 of $588M and $660M for Revenue, $0.10 and $0.32 for EPS, $0.38 and $0.62 for CFPS and $49.5M and $66.3M for Net Income.
June 15, 2014.  Last estimates were for 2013, 2014 and 2015 of $570M, 633M and 673M for Revenue, $.06, $0.45 and $.56 for EPS, $.63, .95 and $1.11 for CFPS.
September 1, 2013.  The Last estimates I got were for 2012 and 2013 of $585.8M and $634.9M for Revenue, $0.49 and $0.67 for EPS.
July 2011 this company coverted from an Income Trust to a corporation.  They also bought out Canexus LP by issuing shares.  This is one main reason for big increase in shares.
In 2006, 2007 Investment cash flow and cash are really 0.
Year 2005 is part of a year from June 28, 2005 to Dec 31, 2005
Dividends
Dividends are payble in Cycle 1, which is January, April, July and October. Dividends are declared in one month for the shareholders of record and payble in the following month.
For example, the dividend declared on May 7, 2014 for shareholders of record of June 30, 2014 is payable on July 15, 2014.
Why am I following this stock. 
I started to follow this stock in 2012 after reading that it was part of Sentry Small/Mid Cap Income Fund.  It is a small cap that pays good dividends.  See stocks in this fund on <a href="http://www.theglobeandmail.com/globe-investor/funds-
and-etfs/funds/summary/?id=60844&cid=Sentry%20Investments" target="_top" >G&M</a>. Sentry home site is <a href="https://sentry.ca/en/mutual-funds/scif.html" target="_top" >here</a>.   This stock was also
mentioned by <a href="http://www.theglobeandmail.com/globe-investor/investment-ideas/3-top-stock-picks-from-ldics-michael-decter/article2448730/" target="_top" >Michael Decter</a> in May of 2012.  
Michael Decter is president and CEO of LDIC Inc.
How they make their money.
Canexus Corporation is based in Calgary, Alberta, Canada, and is a chemical manufacturing and handling company serving customers for more than half a century.
Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries.  Their operations are located in North and South America and organized into three business units.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield (dividends and erarnings) and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Jul 3 2012 Sep 1 2013 Jun 21 2014 Jun 20 2015 Jun 10 2016
Wonnacott, Doug 0.006 0.00% 0.068 0.04% appointed July 2, 2014
CEO - Shares - Amount $0.008 $0.105
Options - percentage 0.845 0.45% 1.375 0.74%
Options - amount $1.141 $2.131
Kubera, Gary L. 0.190 0.12%
CEO - Shares - Amount $1.360
Options - percentage 1.364 0.89%
Options - amount $9.767
Beacon, Dean 0.005 0.00% 0.010 0.01% 0.042 0.02% appointed May 2015
CFO - Shares - Amount $0.017 $0.014 $0.065
Options - percentage 0.090 0.05% 0.270 0.14% 0.419 0.22%
Options - amount $0.294 $0.365 $0.650
McLellan, Richard Thomas 0.046 0.03% 0.000 0.00%
CFO - Shares - Amount $0.332 $0.000
Options - percentage 0.397 0.26% 0.442 0.24%
Options - amount $2.839 $1.440
Bourgeois, Brian Paul 0.051 0.03% 0.056 0.03% 0.071 0.04%
Officer - Shares - Amount $0.365 $0.076 $0.110
Options - percentage 0.491 0.32% 0.660 0.35% 0.562 0.30%
Options - amount $3.516 $0.891 $0.871
Ott, Richard Alan 0.005 0.00% 0.005 0.00% 0.005 0.00% Was acting CEO, prio to
Director - Shares - Amount $0.016 $0.007 $0.008 prior to July 2, 2014
Options - percentage 0.021 0.01% 0.048 0.03% 0.101 0.05%
Options - amount $0.067 $0.064 $0.156
Collyer, David Ralph 0.000 0.00% 0.000 0.00% 0.000 0.00%
Director - Shares - Amount $0.000 $0.000 $0.000
Options - percentage 0.007 0.00% 0.032 0.02% 0.084 0.04%
Options - amount $0.022 $0.043 $0.130
Felesky, Stephanie L. 0.086 0.06% 0.096 0.05% 0.096 0.05%
Director - Shares - Amount $0.616 $0.129 $0.148
Options - percentage 0.027 0.02% 0.060 0.03% 0.114 0.06%
Options - amount $0.197 $0.081 $0.176
And conv. Debentures $0.155
Fergusson, Hugh A. 0.062 0.03% 0.063 0.03% 0.063 0.03%
Chairman - Shares - Amt $0.201 $0.086 $0.098
Options - percentage 0.040 0.02% 0.076 0.04% 0.143 0.08%
Options - amount $0.130 $0.102 $0.221
Increase in O/S Shares 1.250 0.93% 0.925 0.60% 0.492 0.27% 0.000 0.00% Yes, 0 for 2015
due to SO  $10.603 $6.621 $1.605 $0.000
Book Value $5.845 $4.682 $2.543 $0.000
Insider Buying -$0.009 $0.000
Insider Selling $0.613 $0.010
Net Insider Selling $3.676 $0.605 $0.010
% of Market Cap 0.61% 0.24% 0.00%
Directors  8 7 8 8
Women 1 13% 1 14% 1 13% 1 13%
Minorities 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 31 52.21% 58 44.45% 61 55.78% 41 50.20% 25 24.38%
Total Shares Held 63.182 46.92% 67.002 43.75% 100.828 54.67% 93.527 50.04% 45.560 24.38%
Increase/Decrease -2.955 -4.47% 3.108 4.86% 0.105 0.10% -4.441 -4.53% -0.151 -0.33%
Starting No. of Shares 66.137 Reuters 63.894 Reuters 100.723 Reuters 97.968 Reuters 45.712 Reuters
Institutions/Holdings 58 $158.69 28 $77.07
Total Shares Held 102.000 54.58% 49.000 26.22%
Value of shares held $137.70 $75.95
Increase/Decrease 16.000 18.60% -2.000 -3.92%
Starting No. of Shares 86.000 Morningstar 51.000 Morningstar
Mutual Fund /Holdings 144 $123.03 61 $77.09
Total Shares Held 83.000 44.41% 49.693 26.59%
Value of shares held $112.05 $77.02
Increase/Decrease 3.000 3.75% -1.709 -3.33%
Starting No. of Shares 80.000 Morningstar 51.402 Morningstar
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