This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q3 2025 Use maybe BDGI to update this sheet?
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ 9/30/25
Element Fleet Management Corp TSX EFN OTC ELEEF https://www.elementfleet.com/ Fiscal Yr: Dec 31
Year 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 Value Description #Y Item Total G Currency
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Currency <--CDN$ US$-->
USD - CDN$ 0.9949 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.4389 1.3860 1.3860 1.3860 1.71% <-IRR #YR-> 5 USD - CDN$
Change -2.17% 6.91% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -2.35% 8.79% -3.68% 0.00% 0.00% 0.01% <-IRR #YR-> 10 USD - CDN$
$1,143 <-12 mths 5.10%
Adjusted Net Revenue US$ $768.120 $817.372 $978.494 $1,087.560 US$
Change 6.41% 19.71% 11.15% US$
$1,584 <-12 mths 1.23%
Adjusted Net Revenue CDN$ $973.822 $1,107.049 $1,294.156 $1,564.890 CDN$
Change 13.68% 16.90% 20.92% CDN$
$1,114 <-12 mths 2.46% Estimates last 12 months from Qtr.
Service and other Revenue $8.3 $30.8 $108.4 $220.8 $382.6 $497.1 $417.8 $414.1 $411.9 $408.6 $464.4 $551.9 $595.5 449.39% <-Total Growth 10 Service and other Revnue US$
Interest Income $49.4 $127.6 $257.6 $440.2 $494.3 $502.6 $478.1 $497.8 $410.6 $293.5 $326.2 $532.3 $628.6 143.99% <-Total Growth 10 Interest Income US$
Rental Revenue $54.0 $120.0 $77.3 $383.8 $399.8 $573.0 $508.6 $558.4 $610.4 $819.9 $897.3 647.84% <-Total Growth 10 Rental Revenue US$
Depreciation of Equipment -$371.1 -$336.5 -$355.1 -$374.3 -$493.4 -$523.4 US$
Total Revenue $57.7 $158.4 $420.0 $781.0 $954.2 $1,383.5 $1,295.7 $1,113.7 $994.6 $905.4 $1,026.7 $1,410.6 $1,598.0 US$
Revenue* US$ $37.04 $106.80 $287.85 $547.39 $697.52 $758.89 $640.32 $765.40 $756.43 $768.12 $835.83 $978.49 $1,087.56 $1,201 $759 $841 277.82% <-Total Growth 10 Revenue US$
Increase 537.69% 188.34% 169.53% 90.16% 27.43% 8.80% -15.62% 19.53% -1.17% 1.54% 8.82% 17.07% 11.15% 10.39% -36.78% 10.84% 14.22% <-IRR #YR-> 10 Revenue 277.82% US$
5 year Running Average $197.0 $335.3 $479.7 $586 $682 $724 $738 $753 $821 $885 $974.1 $972.3 $973.4 7.28% <-IRR #YR-> 5 Revenue 42.09% US$
Revenue per Share $0.45 $0.57 $1.09 $1.42 $1.80 $2.00 $1.48 $1.77 $1.72 $1.90 $2.13 $2.51 $2.69 $3.00 $1.90 $2.10 18.17% <-IRR #YR-> 9 5 yr Running Average #DIV/0! US$
Increase 409.74% 26.73% 92.85% 30.04% 27.10% 10.73% -25.92% 19.53% -2.76% 10.37% 12.30% 18.07% 6.93% 11.49% -36.78% 10.84% 5.36% <-IRR #YR-> 5 5 yr Running Average 29.83% US$
5 year Running Average $0.72 $1.06 $1.37 $1.56 $1.69 $1.75 $1.77 $1.80 $2.01 $2.19 $2.45 $2.45 $2.44 9.45% <-IRR #YR-> 10 Revenue per Share 146.64% US$
P/S (Price/Sales) Med 11.06 14.86 8.85 5.07 4.60 4.27 3.62 3.93 4.55 5.71 5.41 5.79 6.88 7.74 0.00 0.00 8.76% <-IRR #YR-> 5 Revenue per Share 52.17% US$
P/S (Price/Sales) Close 12.66 18.67 9.07 6.80 5.08 3.79 3.41 4.78 6.15 5.39 6.41 6.41 7.54 8.75 13.84 12.49 13.13% <-IRR #YR-> 9 5 yr Running Average #DIV/0! US$
*Sales in M US $  P/S Med 20 yr  5.24 15 yr  5.24 10 yr  4.83 5 yr  5.71 81.01% Diff M/C 5.29% <-IRR #YR-> 5 5 yr Running Average 29.40% US$
-$287.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,087.6
-$765.4 $0.0 $0.0 $0.0 $0.0 $1,087.6
-$197.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $885.3
-$681.9 $0.0 $0.0 $0.0 $0.0 $885.3
-$1.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.69
-$1.77 $0.00 $0.00 $0.00 $0.00 $2.69
$1,603 <-12 mths 2.46%
Service and other Revenue $8.264 $32.806 $125.755 $305.731 513.656 $623.605 $569.984 $537.791 $524.406 $518.004 $629.049 $729.899 $856.923 581.42% <-Total Growth 10 Service and other Revnue
Interest Income $49.106 $135.715 $298.868 $609.578 $663.760 $630.483 $652.291 $646.479 $522.785 $372.110 $441.807 $703.980 $904.468 202.63% <-Total Growth 10 Interest Income
Rental Revenue $62.645 $166.152 $103.776 $481.466 $545.372 $744.224 $647.577 $707.960 $826.672 $1,084.359 $1,291.141 677.08% <-Total Growth 10 Rental Revenue
Depreciation of Equipment -$482.002 -$428.464 -$450.256 -$506.903 -$652.547 -$753.178
Total Revenue $57.370 $168.521 $487.268 $1,081.461 $1,281.192 $1,735.554 $1,767.647 $1,446.492 $1,266.304 $1,147.818 $1,390.625 $1,865.691 $2,299.354
Revenue* CDN$ $36.850 $113.592 $333.940 $757.999 $936.558 $952.027 $873.519 $994.101 $963.093 $973.822 $1,132.049 $1,294.156 $1,564.9 $1,664 $1,052 $1,166 368.61% <-Total Growth 10 Revenue
Increase 523.84% 208.26% 193.98% 126.99% 23.56% 1.65% -8.25% 13.80% -3.12% 1.11% 16.25% 14.32% 14.32% 6.33% -36.78% 10.84% 16.70% <-IRR #YR-> 10 Revenue 368.61% CDN$
5 year Running Average $249.7 $435.8 $618.8 $771 $903 $944 $951 $987 $1,071.4 $1,071.4 $1,325.8 $1,341.4 $1,348.2 9.50% <-IRR #YR-> 5 Revenue 57.42% CDN$
Revenue per Share $0.44 $0.60 $1.26 $1.96 $2.42 $2.50 $2.02 $2.29 $2.19 $2.40 $2.88 $3.33 $3.33 $4.15 $2.63 $2.91 17.57% <-IRR #YR-> 9 5 yr Running Average #DIV/0! CDN$
Increase 398.66% 35.49% 110.35% 55.23% 23.24% 3.46% -19.44% 13.80% -4.68% 9.90% 19.97% 15.30% 15.30% 24.93% -36.78% 10.84% 3.48% <-IRR #YR-> 5 5 yr Running Average 18.67% CDN$
5 year Running Average $0.87 $1.34 $1.75 $2.03 $2.24 $2.28 $2.28 $2.36 $2.62 $2.62 $3.22 $3.26 $3.27 10.15% <-IRR #YR-> 10 Revenue per Share 162.95% CDN$
P/S (Price/Sales) Med 13.35 18.25 8.71 6.77 4.70 4.48 3.36 4.05 4.83 5.58 5.29 5.90 5.90 7.83 0.00 0.00 7.70% <-IRR #YR-> 5 Revenue per Share 44.91% CDN$
P/S (Price/Sales) Close 16.00 23.29 8.90 6.84 5.11 3.80 3.43 4.83 6.12 5.36 6.40 6.48 6.48 8.68 13.73 12.39 12.99% <-IRR #YR-> 9 5 yr Running Average #DIV/0! CDN$
*Sales in M CDN $  P/S Med 20 yr  5.74 15 yr  5.74 10 yr  5.06 5 yr  5.58 71.39% Diff M/C 3.18% <-IRR #YR-> 5 5 yr Running Average 16.96% CDN$
-$333.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,564.9
-$994.1 $0.0 $0.0 $0.0 $0.0 $1,564.9
-$249.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,071.4
-$902.8 $0.0 $0.0 $0.0 $0.0 $1,071.4
-$1.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.33
-$2.29 $0.00 $0.00 $0.00 $0.00 $3.33
$474.93 <-12 mths 5.34%
$1.17 <-12 mths 6.36%
Adjusted Net Income US$ -$6.5 -$1.6 $46.6 $175.5 $0.0 $0.0 $234.5 $334.8 $325.1 $305.8 $343.5 $408.6 $450.9
Basic -$0.08 -$0.01 $0.14 $0.57 $0.74 $0.69 $0.51 $0.66 $0.67 $0.66 $0.81 $1.00 $1.12
AEPS* Dilued -$0.08 -$0.01 $0.13 $0.56 $0.71 $0.66 $0.51 $0.64 $0.66 $0.65 $0.79 $0.98 $1.10 $1.25 $1.42 $1.56 750.74% <-Total Growth 10 AEPS
Increase 85.13% 88.31% 1475.23% 335.91% 25.53% -6.49% -23.55% 26.35% 3.24% -1.97% 22.14% 23.46% 12.78% 13.64% 13.60% 9.86% 10 0 10 Years of Data, EPS P or N 100.00% US$
5 year Running Average $0.01 $0.26 $0.41 $0.51 $0.62 $0.63 $0.62 $0.65 $0.74 $0.83 $0.95 $1.11 $1.26 23.87% <-IRR #YR-> 10 AEPS 750.74% US$
AEPS Yield -1.42% -0.09% 1.31% 5.85% 7.73% 8.74% 10.03% 7.56% 6.24% 6.33% 5.79% 6.05% 5.43% 4.77% 5.41% 5.95% 11.47% <-IRR #YR-> 5 AEPS 72.13% US$
Payout Ratio 0.00% 0.00% 0.00% 0.00% 10.53% 30.12% 43.48% 21.69% 21.43% 31.71% 28.97% 31.01% 30.33% 30.01% 26.42% 24.05% 59.54% <-IRR #YR-> 9 5 yr Running Average #DIV/0! US$
5 year Running Average 0.00% 2.11% 8.13% 16.83% 21.16% 25.45% 29.68% 29.45% 26.96% 28.69% 30.41% 29.35% 28.36% 6.27% <-IRR #YR-> 5 5 yr Running Average 35.56% US$
Price/AEPS Median -61.32 -893.62 74.60 12.74 11.72 12.88 10.58 10.87 11.85 16.73 14.58 14.94 16.81 18.56 0.00 0.00 12.81 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High -70.23 -1178.94 85.11 10.39 14.11 16.18 15.37 14.02 16.03 19.04 18.39 17.00 19.65 22.06 0.00 0.00 16.10 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low -52.41 -608.29 64.08 15.09 9.34 9.58 5.79 7.71 7.67 14.42 10.77 12.88 13.98 15.07 0.00 0.00 10.18 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close -70.23 -1122.53 76.48 17.10 12.93 11.44 9.97 13.22 16.03 15.80 17.28 16.52 18.43 20.98 18.47 16.81 15.91 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close -10.44 -131.25 -1051.80 74.55 16.23 10.70 7.62 16.71 16.55 15.49 21.10 20.39 20.78 23.85 20.98 18.47 16.63 <-Median-> 10 Trailing P/AEPS Close US$
Median Values Historical   in order 12.29 15.70 9.46 14.51 P/AEPS 5 Yrs   in order 14.94 18.39 12.88 16.52 40.47% Diff M/C DPR 75% to 95% best US$
$658.26 <-12 mths 1.46%
$1.62 <-12 mths 2.45%
Adjusted Net Income CDN$ -$6.4 -$1.7 $54.1 $243.0 $0.0 $0.0 $319.9 $434.8 $413.9 $387.7 $465.3 $540.4 $648.8
Basic -$0.08 -$0.01 $0.16 $0.80 $1.00 $0.86 $0.70 $0.86 $0.85 $0.84 $1.10 $1.32 $1.61 907.23% <-Total Growth 10 AEPS
AEPS* Dilued -$0.08 -$0.01 $0.15 $0.78 $0.95 $0.83 $0.69 $0.83 $0.84 $0.82 $1.07 $1.29 $1.58 $1.73 $1.97 $2.16 955.19% <-Total Growth 10 AEPS
Increase 85.45% 87.50% 1600.00% 420.32% 21.72% -12.63% -16.87% 20.29% 1.20% -2.38% 30.49% 20.56% 22.70% 9.46% 13.60% 9.86% 10 0 10 Years of Data, EPS P or N 100.00% CDN$
5 year Running Average $0.06 $0.36 $0.54 $0.68 $0.82 $0.83 $0.80 $0.85 $0.97 $1.12 $1.30 $1.53 $1.75 26.57% <-IRR #YR-> 10 AEPS 955.19% CDN$
AEPS Yield -1.13% -0.07% 1.33% 5.82% 7.69% 8.74% 9.99% 7.48% 6.28% 6.37% 5.80% 5.98% 5.45% 4.80% 5.46% 6.00% 13.78% <-IRR #YR-> 5 AEPS 90.70% CDN$
Payout Ratio 0.00% 0.00% 0.00% 0.00% 10.53% 30.12% 43.48% 21.69% 21.43% 31.71% 28.97% 31.01% 30.33% 30.01% 26.42% 24.05% 38.93% <-IRR #YR-> 9 5 yr Running Average #DIV/0! CDN$
5 year Running Average 0.00% 2.11% 8.13% 16.83% 21.16% 25.45% 29.68% 29.45% 26.96% 28.69% 30.41% 29.35% 28.36% 6.55% <-IRR #YR-> 5 5 yr Running Average 37.31% CDN$
Price/AEPS Median -74.06 -1097.50 73.47 17.03 11.98 13.52 9.81 11.19 12.59 16.35 14.27 15.21 16.24 18.78 0.00 0.00 13.90 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High -88.75 -1480.00 81.80 20.44 13.93 17.25 14.01 14.08 16.43 18.32 18.26 17.18 19.08 22.00 0.00 0.00 17.22 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low -59.38 -715.00 65.13 13.62 10.03 9.80 5.61 8.29 8.75 14.39 10.28 13.25 13.40 15.56 0.00 0.00 10.16 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close -88.75 -1400.00 75.07 17.19 13.01 11.45 10.01 13.36 15.93 15.71 17.24 16.71 18.36 20.81 18.32 16.68 15.82 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close -12.91 -175.00 -1126.00 89.47 15.84 10.00 8.33 16.07 16.12 15.33 22.50 20.15 22.53 22.78 20.81 18.32 16.10 <-Median-> 10 Trailing P/AEPS Close CDN$
Median Values DPR 10 Yrs 29.55% 5 Yrs   30.33% P/CF 5 Yrs   in order 15.21 18.26 13.25 16.71 36.81% Diff M/C DPR 75% to 95% best CDN$
* Adjusted Earnings per Share
$1.02 <-12 mths 7.37%
EPS Basic US$ -$0.08 -$0.01 $0.14 $0.34 $0.73 $0.23 -$0.45 $0.09 $0.44 $0.60 $0.71 $0.85 $0.96 596.06% <-Total Growth 10 EPS Basic
EPS Diluted* -$0.08 -$0.01 $0.13 $0.33 $0.73 $0.23 -$0.45 $0.09 $0.44 $0.59 $0.69 $0.84 $0.95 $1.16 $1.31 $1.45 634.73% <-Total Growth 10 EPS Diluted
Increase 85.13% 88.31% 1475.23% 156.92% 119.71% -68.33% -296.60% 120.33% 376.05% 34.50% 17.32% 20.92% 13.20% 22.20% 12.55% 11.32% 9 1 10 Years of Data, EPS P or N 90.00% US$
Earnings Yield -1.42% -0.09% 1.31% 3.45% 7.98% 3.05% -9.01% 1.09% 4.16% 5.79% 5.08% 5.21% 4.69% 229.77% 437.34% 444.88% 22.07% <-IRR #YR-> 10 Earnings per Share 634.73% US$
5 year Running Average -$0.12 -$0.13 -$0.10 -$0.03 $0.22 $0.28 $0.19 $0.19 $0.21 $0.18 $0.27 $0.53 $0.70 $0.85 $0.99 $1.14 59.37% <-IRR #YR-> 5 Earnings per Share 928.22% US$
10 year Running Average -$0.02 $0.06 $0.08 $0.03 $0.04 $0.09 $0.20 $0.28 $0.36 $0.44 $0.53 $0.59 $0.71 #NUM! <-IRR #YR-> 10 5 yr Running Average 801.09% US$
* Diluted ESP per share  E/P 10 Yrs 4.42% 5Yrs 5.08% 30.43% <-IRR #YR-> 5 5 yr Running Average 277.46% US$
-$0.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.95
-$0.09 $0.00 $0.00 $0.00 $0.00 $0.95
$0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.70
-$0.19 $0.00 $0.00 $0.00 $0.00 $0.70
$1.47 <-12 mths 7.37%
EPS Basic CDN$ -$0.08 -$0.01 $0.16 $0.47 $0.98 $0.29 -$0.62 $0.12 $0.56 $0.76 $0.96 $1.13 $1.38 763.34% <-Total Growth 10 EPS Basic
EPS Diluted* -$0.08 -$0.01 $0.15 $0.46 $0.98 $0.29 -$0.62 $0.12 $0.56 $0.75 $0.94 $1.11 $1.37 $1.61 $1.81 $2.02 811.30% <-Total Growth 10 EPS Diluted
Increase 85.45% 87.50% 1600.00% 206.67% 113.04% -70.41% -313.79% 119.35% 366.67% 33.93% 25.33% 18.09% 23.15% 17.71% 12.55% 11.32% 9 1 10 Years of Data, EPS P or N 90.00% CDN$
Earnings Yield -1.13% -0.07% 1.33% 3.43% 7.93% 3.05% -8.97% 1.08% 4.19% 5.82% 5.09% 5.15% 4.70% 4.46% 5.02% 5.59% 24.73% <-IRR #YR-> 10 Earnings per Share 811.30% CDN$
5 year Running Average -$0.13 -$0.13 -$0.10 -$0.01 $0.30 $0.37 $0.25 $0.25 $0.27 $0.22 $0.35 $0.70 $0.95 $1.16 $1.37 $1.58 62.67% <-IRR #YR-> 5 Earnings per Share 1039.13% CDN$
10 year Running Average $0.00 $0.10 $0.12 $0.06 $0.07 $0.13 $0.26 $0.36 $0.47 $0.60 $0.71 $0.79 $0.97 #NUM! <-IRR #YR-> 10 5 yr Running Average 1064.68% CDN$
* Diluted ESP per share  E/P 10 Yrs 4.44% 5Yrs 5.09% 30.90% <-IRR #YR-> 5 5 yr Running Average 284.31% CDN$
-$0.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.37
-$0.12 $0.00 $0.00 $0.00 $0.00 $1.37
$0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.95
-$0.25 $0.00 $0.00 $0.00 $0.00 $0.95
Dividend* US$ $0.45 $0.53 $0.59 Estimates Dividend* US$
Increase 33.85% 18.04% 12.46% Estimates Increase US$
Payout Ratio EPS 38.46% 40.34% 40.75% Estimates Payout Ratio EPS US$
Special Dividends $2.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 9 Special Dividends US$
Dividend* $0.07 $0.20 $0.22 $0.14 $0.14 $0.21 $0.23 $0.30 $0.33 $0.38 $0.38 $0.38 67.39% <-Total Growth 8 Dividends US$
Increase 167.58% 10.35% -36.98% 2.01% 45.06% 11.61% 32.13% 10.30% 12.47% 0.00% 0.00% 7 1 8 Years of data, Count P, N 87.50% US$
Average Increases 5 Year Running 28.59% 37.60% 6.41% 10.77% 20.22% 22.31% 13.30% 10.98% 20.22% <-Median-> 5 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.68 $0.71 $0.18 $0.19 $0.20 $0.24 $0.29 $0.32 $0.35 -65.93% <-Total Growth 5 Dividends 5 Yr Running US$
Yield H/L Price 0.90% 2.34% 4.11% 2.00% 1.81% 1.90% 1.99% 2.08% 1.80% 1.62% 1.99% <-Median-> 9 Yield H/L Price US$
Yield on High  Price 0.75% 1.86% 2.83% 1.55% 1.34% 1.67% 1.58% 1.82% 1.54% 1.36% 1.58% <-Median-> 9 Yield on High  Price US$
Yield on Low Price 1.13% 3.14% 7.50% 2.81% 2.79% 2.20% 2.69% 2.41% 2.17% 1.99% 2.69% <-Median-> 9 Yield on Low Price US$
Yield on Close Price 0.81% 2.63% 4.36% 1.64% 1.34% 2.01% 1.68% 1.88% 1.65% 1.43% 1.43% 1.43% 1.68% <-Median-> 9 Yield on Close Price US$
Payout Ratio EPS 391.30% 86.21% -48.39% 150.00% 32.14% 34.67% 32.98% 36.04% 35.11% 32.32% 28.71% 25.79% 35.11% <-Median-> 9 DPR EPS US$
DPR EPS 5 Yr Running 342.24% 100.42% 68.50% 38.25% 34.47% 34.12% 32.63% 30.84% 68.50% <-Median-> 5 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 300.32% 157.06% -48.15% 7.51% 2.85% 4.19% 4.84% -11.93% -125.92% 23.50% 21.34% #DIV/0! 4.19% <-Median-> 9 DPR CF US$
DPR CF 5 Yr Running 0.00% 0.00% 0.00% 103.27% 47.81% 7.95% 5.85% 7.31% 10.28% 17.17% 30.58% #DIV/0! 7.31% <-Median-> 9 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 161.00% 9.38% 14.85% 7.58% 8.84% 11.30% 3.63% 25.42% 12.87% 23.50% 21.34% #DIV/0! 11.30% <-Median-> 9 DPR CF WC US$
DPR CF WC 5 Yr Running 0.00% 0.00% 0.00% 26.72% 40.37% 10.22% 7.17% 7.98% 8.97% 10.71% 12.02% #DIV/0! 7.98% <-Median-> 9 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 1.99% 1.68% 5 Yr Med 5 Yr Cl 1.90% 1.68% 5 Yr Med Payout 34.67% 2.85% 11.30% 19.21% <-IRR #YR-> 5 Dividends 140.70% US$
* Dividends per share  10 Yr Med and Cur. -28.02% -14.70% 5 Yr Med and Cur. -24.53% -14.70% Last Div Inc ---> $0.850 $1.000 17.65% 20.61% <-IRR #YR-> 8 Dividends #DIV/0! US$
Dividends Growth 15 #NUM! <-IRR #YR-> 15 Dividends #DIV/0! US$
Dividends Growth 20 #NUM! <-IRR #YR-> 17 Dividends #DIV/0! US$
Dividends Growth 5 -$0.14 $0.00 $0.00 $0.00 $0.00 $0.33 Dividends Growth 5
Dividends Growth 10 -$0.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.33 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.33 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.33 Dividends Growth 20
Historical Dividends Historical High Div 7.50% Low Div 0.75% 10 Yr High 7.50% 10 Yr Low 0.75% Med Div 1.99% Close Div 1.68% Historical Dividends US$
High/Ave/Median Values Curr diff Exp. -80.93% Cheap 90.71% Exp. -80.93% 90.71% Exp. -28.12% Exp. -14.70% High/Ave/Median  US$
Future Dividend Yield Div Yield $0.03 earning in 5 Years at IRR of 19.21% Div Inc. 140.70% Future Dividend Yield US$
Future Dividend Yield Div Yield 8.29% earning in 10 Years at IRR of 19.21% Div Inc. 479.38% Future Dividend Yield US$
Future Dividend Yield Div Yield 19.95% earning in 15 Years at IRR of 19.21% Div Inc. 1294.57% Future Dividend Yield US$
Future Dividend Paid Div Paid $0.90 earning in 5 Years at IRR of 19.21% Div Inc. 140.70% Future Dividend Paid US$
Future Dividend Paid Div Paid $2.17 earning in 10 Years at IRR of 19.21% Div Inc. 479.38% Future Dividend Paid US$
Future Dividend Paid Div Paid $5.23 earning in 15 Years at IRR of 19.21% Div Inc. 1294.57% Future Dividend Paid US$
Dividend Covering Cost Total Div $2.75 over 5 Years at IRR of 19.21% Div Cov. 10.48% Dividend Covering Cost US$
Dividend Covering Cost Total Div $8.46 over 10 Years at IRR of 19.21% Div Cov. 32.26% Dividend Covering Cost US$
Dividend Covering Cost Total Div $22.21 over 15 Years at IRR of 19.21% Div Cov. 84.68% Dividend Covering Cost US$
Dividend* CDN$ $0.64 $0.73 $0.82 Estimates Dividend* CDN$
Increase 33.85% 13.70% 12.46% Estimates Increase CDN$
Payout Ratio EPS 40.34% 40.75% Estimates Payout Ratio EPS CDN$
Special Dividends Paid CDN$ $3.73 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 9 Special Dividends CDN$
Dividend* $0.10 $0.25 $0.30 $0.18 $0.18 $0.26 $0.31 $0.40 $0.48 $0.52 $0.52 $0.52 92.00% <-Total Growth 8 Dividends CDN$
Increase 150.00% 20.00% -40.00% 0.00% 44.44% 19.23% 29.03% 20.00% 8.33% 0.00% 0.00% 6 1 8 Years of data, Count P, N 75.00% CDN$
Average Increases 5 Year Running 26.00% 34.89% 8.74% 10.54% 22.54% 24.21% 15.32% 11.47% 22.54% <-Median-> 5 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.91 $0.95 $0.23 $0.25 $0.27 $0.33 $0.39 $0.45 $0.49 -65.65% <-Total Growth 5 Dividends 5 Yr Running CDN$
Yield H/L Price 0.88% 2.23% 4.43% 1.94% 1.70% 1.94% 2.03% 2.04% 1.87% 1.60% 1.94% <-Median-> 9 Yield H/L Price CDN$
Yield on High  Price 0.76% 1.75% 3.10% 1.54% 1.30% 1.73% 1.59% 1.81% 1.59% 1.36% 1.59% <-Median-> 9 Yield on High  Price CDN$
Yield on Low Price 1.05% 3.08% 7.75% 2.62% 2.45% 2.20% 2.82% 2.34% 2.26% 1.93% 2.45% <-Median-> 9 Yield on Low Price CDN$
Yield on Close Price 0.81% 2.63% 4.34% 1.62% 1.35% 2.02% 1.68% 1.86% 1.65% 1.44% 1.44% 1.44% 1.68% <-Median-> 9 Yield on Close Price CDN$
Payout Ratio EPS 391.30% 86.21% -48.39% 150.00% 32.14% 34.67% 32.98% 36.04% 35.11% 32.32% 28.71% 25.79% 35.11% <-Median-> 9 DPR EPS CDN$
DPR EPS 5 Yr Running 356.75% 106.36% 70.29% 38.22% 34.48% 34.11% 32.62% 30.84% 70.29% <-Median-> 5 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 300.32% 157.06% -48.15% 7.51% 2.85% 4.19% 4.84% -11.93% -125.92% 23.50% 21.34% #DIV/0! 4.19% <-Median-> 9 DPR CF CDN$
DPR CF 5 Yr Running 0.00% 0.00% 0.00% 104.41% 49.75% 8.09% 5.94% 7.40% 10.73% 17.78% 30.47% #DIV/0! 7.40% <-Median-> 9 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 161.00% 9.38% 14.85% 7.58% 8.84% 11.30% 3.63% 25.42% 12.87% 23.50% 21.34% #DIV/0! 11.30% <-Median-> 9 DPR CF WC CDN$
DPR CF WC 5 Yr Running 0.00% 0.00% 0.00% 26.61% 41.34% 10.27% 7.12% 7.91% 8.97% 10.73% 12.06% #DIV/0! 7.91% <-Median-> 9 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 1.94% 1.68% 5 Yr Med 5 Yr Cl 1.94% 1.68% 5 Yr Med Payout 34.67% 2.85% 11.30% 21.67% <-IRR #YR-> 5 Dividends 166.67% CDN$
* Dividends per share  10 Yr Med and Cur. -25.62% -14.18% 5 Yr Med and Cur. -25.62% -14.18% Last Div Inc ---> $0.120 $0.130 8.33% 21.66% <-IRR #YR-> 8 Dividends #DIV/0! CDN$
Dividends Growth 15 #NUM! <-IRR #YR-> 15 Dividends #DIV/0! CDN$
Dividends Growth 20 #NUM! <-IRR #YR-> 20 Dividends #DIV/0! CDN$
Dividends Growth 5 -$0.18 $0.00 $0.00 $0.00 $0.00 $0.48 Dividends Growth 5
Dividends Growth 10 -$0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.48 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.48 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.48 Dividends Growth 20
Historical Dividends Historical High Div 3.08% Low Div 1.30% 10 Yr High 3.08% 10 Yr Low 1.30% Med Div 1.94% Close Div 1.68% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -53.18%     10.93% Exp. -53.18% 10.93% Exp. -25.67% Exp. -14.18% High/Ave/Median  CDN$
Future Dividend Yield Div Yield 3.85% earning in 5 Years at IRR of 21.67% Div Inc. 166.67% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 10.25% earning in 10 Years at IRR of 21.67% Div Inc. 611.11% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 27.35% earning in 15 Years at IRR of 21.67% Div Inc. 1796.30% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $1.39 earning in 5 Years at IRR of 21.67% Div Inc. 166.67% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $3.70 earning in 10 Years at IRR of 21.67% Div Inc. 611.11% Future Dividend Paid CDN$
Future Dividend Paid Div Paid $9.86 earning in 15 Years at IRR of 21.67% Div Inc. 1796.30% Future Dividend Paid CDN$
Dividend Covering Cost Total Div $4.00 over 5 Years at IRR of 21.67% Div Cov. 11.09% Dividend Covering Cost CDN$
Dividend Covering Cost Total Div $13.28 over 10 Years at IRR of 21.67% Div Cov. 36.82% Dividend Covering Cost CDN$
Dividend Covering Cost Total Div $38.01 over 15 Years at IRR of 21.67% Div Cov. 105.42% Dividend Covering Cost CDN$
Yield if held 5 years 2.44% 4.22% 2.73% 1.63% 1.35% 2.28% 2.76% 5.91% 5.17% 4.92% 3.88% 3.41% 2.73% <-Median-> 9 Paid Median Price CDN$
Yield if held 10 years 6.34% 5.23% 3.64% 4.36% 3.91% 4.57% 4.63% 4.79% <-Median-> 4 Paid Median Price CDN$
Yield if held 15 years 12.68% 8.78% #NUM! <-Median-> 0 Paid Median Price CDN$
Yield if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 5 years 93.53% 68.94% 39.95% 41.42% 35.70% 10.28% 10.96% 19.65% 17.56% 18.63% 16.63% 15.98% 35.70% <-Median-> 9 Paid Median Price CDN$
Cost covered if held 10 years 122.07% 89.70% 52.07% 56.21% 50.53% 29.88% 32.69% 72.96% <-Median-> 4 Paid Median Price CDN$
Cost covered if held 15 years 176.46% 130.88% #NUM! <-Median-> 0 Paid Median Price CDN$
Cost covered if held 20 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price CDN$
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $765.4 $756.4 $768.1 $835.8 $978.5 $1,087.6 $1,114 <-12 mths 2.46% 42.09% <-Total Growth 5 Revenue Growth US$ 42.09% 7.28%
AEPS Growth $0.64 $0.66 $0.65 $0.79 $0.98 $1.10 $1.17 <-12 mths 6.36% 72.13% <-Total Growth 5 AEPS Growth 72.13% 11.47%
Net Income Growth $97.7 $287.1 $356.0 $409.6 $466.2 $557.1 $621 <-12 mths 11.56% 470.16% <-Total Growth 5 Net Income Growth 470.16% 41.64%
Cash Flow Growth $799.9 $2,187.3 $1,981.5 $1,854.8 -$986.2 -$107.2 -$311 <-12 mths -190.08% -113.40% <-Total Growth 5 Cash Flow Growth -113.40% N/C
Dividend Growth $0.14 $0.14 $0.21 $0.23 $0.30 $0.33 $0.38 <-12 mths 12.47% 140.70% <-Total Growth 5 Dividend Growth 140.70% 19.21%
Stock Price Growth $8.45 $10.57 $10.22 $13.65 $16.11 $20.27 $26.23 <-12 mths 29.40% 139.88% <-Total Growth 5 Stock Price Growth 139.88% 19.12%
Revenue Growth US$ $287.9 $547.4 $697.5 $758.9 $640.3 $765.4 $756.4 $768.1 $835.8 $978.5 $1,087.6 $1,201 <-this year 10.39% 277.82% <-Total Growth 10 Revenue Growth US$ 277.82% 14.22%
AEPS Growth $0.13 $0.56 $0.71 $0.66 $0.51 $0.64 $0.66 $0.65 $0.79 $0.98 $1.10 $1.25 <-this year 13.64% 750.74% <-Total Growth 10 AEPS Growth 750.74% 23.87%
Net Income Growth $54.1 $174.4 $413.3 $154.6 -$199.1 $97.7 $287.1 $356.0 $409.6 $466.2 $557.1 $644 <-this year 15.61% 930.26% <-Total Growth 10 Net Income Growth 930.26% 26.27%
Cash Flow Growth $216.4 $323.6 $368.1 $48.3 -$197.9 $799.9 $2,187.3 $1,981.5 $1,854.8 -$986.2 -$107.2 $640 <-this year 696.77% -149.52% <-Total Growth 10 Cash Flow Growth -149.52% N/C
Dividend Growth $0.07 $0.20 $0.22 $0.14 $0.14 $0.21 $0.23 $0.30 $0.33 $0.45 <-this year 33.85% 347.91% <-Total Growth 8 Dividend Growth 347.91% 23.89%
Stock Price Growth $9.89 $9.64 $9.15 $7.57 $5.04 $8.45 $10.57 $10.22 $13.65 $16.11 $20.27 $26.23 <-this year 29.40% 104.97% <-Total Growth 10 Stock Price Growth 104.97% 7.44%
Yr  Item Tot. Growth Per Year
Revenue Growth CDN$ $994.1 $963.1 $973.8 $1,132.0 $1,294.2 $1,564.9 $1,603 <-12 mths 2.46% 57.42% <-Total Growth 5 Revenue Growth CDN$ 57.42% 9.50%
AEPS Growth $0.83 $0.84 $0.82 $1.07 $1.29 $1.58 $1.62 <-12 mths 2.45% 90.70% <-Total Growth 5 AEPS Growth 90.70% 13.78%
Net Income Growth $97.7 $287.1 $356.0 $409.6 $466.2 $557.1 $621 <-12 mths 11.56% 470.16% <-Total Growth 5 Net Income Growth 470.16% 41.64%
Cash Flow Growth $1,038.9 $2,784.8 $2,512.1 $2,512.1 -$1,304.3 -$154.2 -$447 <-12 mths -190.08% -114.84% <-Total Growth 5 Cash Flow Growth -114.84% N/C
Dividend Growth $0.18 $0.18 $0.26 $0.31 $0.40 $0.48 $0.52 <-12 mths 8.33% 166.67% <-Total Growth 5 Dividend Growth 166.67% 21.67%
Stock Price Growth $11.09 $13.38 $12.88 $18.45 $21.56 $29.06 $36.06 <-12 mths 24.09% 162.04% <-Total Growth 5 Stock Price Growth 162.04% 21.25%
Revenue Growth CDN$ $333.9 $758.0 $936.6 $952.0 $873.5 $994.1 $963.1 $973.8 $1,132.0 $1,294.2 $1,564.9 $1,664 <-this year 6.33% 368.61% <-Total Growth 10 Revenue Growth CDN$ 368.61% 16.70%
AEPS Growth $0.15 $0.78 $0.95 $0.83 $0.69 $0.83 $0.84 $0.82 $1.07 $1.29 $1.58 $1.73 <-this year 9.46% 955.19% <-Total Growth 10 AEPS Growth 955.19% 26.57%
Net Income Growth $54.1 $174.4 $413.3 $154.6 -$199.1 $97.7 $287.1 $356.0 $409.6 $466.2 $557.1 $644 <-this year 15.61% 930.26% <-Total Growth 10 Net Income Growth 930.26% 26.27%
Cash Flow Growth $251.0 $448.1 $494.3 $60.5 -$269.9 $1,038.9 $2,784.8 $2,512.1 $2,512.1 -$1,304.3 -$154.2 $886 <-this year 674.83% -161.42% <-Total Growth 10 Cash Flow Growth -161.42% N/C
Dividend Growth $0.10 $0.25 $0.30 $0.18 $0.18 $0.26 $0.31 $0.40 $0.48 $0.64 <-this year 33.85% 380.00% <-Total Growth 8 Dividend Growth 380.00% 25.12%
Stock Price Growth $11.26 $13.42 $12.36 $9.50 $6.91 $11.09 $13.38 $12.88 $18.45 $21.56 $29.06 $36.06 <-this year 24.09% 158.08% <-Total Growth 10 Stock Price Growth 158.08% 9.95%
Dividends on Shares $0.00 $341.30 $22.25 $26.70 $16.02 $16.02 $23.14 $27.59 $35.60 $42.72 $46.28 $46.28 $46.28 $551.34 No of Years 10 Total Divs 12/31/12
Paid  $1,002.14 $1,194.38 $1,100.04 $845.50 $614.99 $987.01 $1,190.82 $1,146.32 $1,642.05 $1,918.84 $2,586.34 $3,209.34 $3,209.34 $3,209.34 $2,586.34 No of Years 10 Worth $11.26 88.81
Total $3,137.68
Graham Number CDN$ AEPS $5.08 $6.02 $16.13 $14.83 $13.55 $11.96 $12.82 $12.75 $12.54 $15.03 $17.06 $18.75 $19.53 $20.82 $21.82 211.66% <-Total Growth 10 Graham Number AEPS CDN$
Increase 18.33% 168.07% -8.05% -8.60% -11.77% 7.23% -0.58% -1.63% 19.85% 13.51% 9.91% 4.20% 6.58% 4.81% 3.32% <-Median-> 10 Graham Price CDN$
Price/GP Ratio Med 2.16 1.83 0.82 0.77 0.83 0.57 0.72 0.83 1.07 1.02 1.15 1.37 1.67 0.83 <-Median-> 10 Price/GP Ratio Med CDN$
Price/GP Ratio High 2.91 2.04 0.99 0.89 1.06 0.81 0.91 1.08 1.20 1.30 1.30 1.61 1.95 1.07 <-Median-> 10 Price/GP Ratio High CDN$
Price/GP Ratio Low 1.41 1.62 0.66 0.64 0.60 0.32 0.54 0.58 0.94 0.73 1.00 1.13 1.38 0.65 <-Median-> 10 Price/GP Ratio Low CDN$
Price/GP Ratio Close 2.75 1.87 0.83 0.83 0.70 0.58 0.87 1.05 1.03 1.23 1.26 1.55 1.85 1.73 1.65 0.95 <-Median-> 10 Price/GP Ratio Close CDN$
Prem/Disc Close 175.40% 87.19% -16.78% -16.64% -29.90% -42.20% -13.50% 4.98% 2.73% 22.79% 26.40% 55.01% 84.60% 73.20% 65.25% -5.38% <-Median-> 10 Graham Price CDN$
Graham Number CDN$ EPS $5.08 $6.02 $12.38 $15.06 $8.01 $4.99 $4.87 $10.41 $11.99 $14.08 $15.82 $17.42 $18.82 $19.97 $21.07 189.63% <-Total Growth 10 Graham Number EPS CDN$
Increase 18.33% 105.80% 21.64% -46.81% -37.76% -2.23% 113.48% 15.22% 17.46% 12.34% 10.12% 8.05% 6.09% 5.51% 13.78% <-Median-> 10 Graham Price CDN$
Price/GP Ratio Med 2.16 1.83 1.07 0.76 1.40 1.36 1.90 1.02 1.12 1.08 1.24 1.48 1.73 1.18 <-Median-> 10 Price/GP Ratio Med CDN$
Price/GP Ratio High 2.91 2.04 1.29 0.88 1.79 1.94 2.40 1.33 1.25 1.39 1.40 1.73 2.02 1.39 <-Median-> 10 Price/GP Ratio High CDN$
Price/GP Ratio Low 1.41 1.62 0.86 0.63 1.01 0.78 1.41 0.71 0.98 0.78 1.08 1.22 1.43 0.92 <-Median-> 10 Price/GP Ratio Low CDN$
Price/GP Ratio Close 2.75 1.87 1.08 0.82 1.19 1.39 2.28 1.29 1.07 1.31 1.36 1.67 1.92 1.81 1.71 1.30 <-Median-> 10 Price/GP Ratio Close CDN$
Prem/Disc Close 175.40% 87.19% 8.40% -17.92% 18.60% 38.59% 127.50% 28.57% 7.42% 31.00% 36.27% 66.80% 91.56% 80.56% 71.13% 29.79% <-Median-> 10 Graham Price CDN$
Month, Year CDN$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 15.00 <Count Years> Month, Year CDN$
Price Close $7.10 $14.00 $11.26 $13.42 $12.36 $9.50 $6.91 $11.09 $13.38 $12.88 $18.45 $21.56 $29.06 $36.06 $36.06 $36.06 158.08% <-Total Growth 10 Stock Price CDN$
Increase 47.92% 97.18% -19.57% 19.18% -7.90% -23.14% -27.26% 60.49% 20.65% -3.74% 43.25% 16.86% 34.79% 24.09% 0.00% 0.00% 50.73 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E Ratio -88.75 -1400.00 75.07 29.17 12.61 32.76 -11.15 92.42 23.89 17.17 19.63 19.42 21.26 22.41 19.91 17.89 21.25% <-IRR #YR-> 5 Stock Price 162.04% CDN$
Trailing P/E Ratio -12.91 -175.00 -1126.00 89.47 26.87 9.69 23.83 -17.89 111.50 23.00 24.60 22.94 26.18 26.38 22.41 19.91 9.95% <-IRR #YR-> 10 Stock Price 158.08% CDN$
CAPE (10 Yr P/E) -1,686.00 66.25 58.42 127.98 122.22 79.86 43.04 34.05 27.60 24.95 24.10 24.56 22.92 23.14% <-IRR #YR-> 5 Price & Dividend 178.36% CDN$
Median 10, 5 Yrs D.  per yr 4.73% 1.89% % Tot Ret 32.21% 8.19% T P/E $24.21 $24.60 P/E:  $20.44 $19.63 14.67% <-IRR #YR-> 10 Price & Dividend 213.10% CDN$
Price 15 D.  per yr 4.83% % Tot Ret 24.52% CAPE Diff -55.82% 14.86% <-IRR #YR-> 13 Stock Price #DIV/0! CDN$
Price  20 D.  per yr #NUM! % Tot Ret #NUM! #NUM! <-IRR #YR-> 20 Stock Price #DIV/0! CDN$
Price & Dividend 15 19.68% <-IRR #YR-> 13 Price & Dividend #DIV/0! CDN$
Price & Dividend 20 #NUM! <-IRR #YR-> 20 Price & Dividend #DIV/0! CDN$
Price  5 -$11.09 $0.00 $0.00 $0.00 $0.00 $29.06 Price  5
Price 10 -$11.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.06 Price 10
Price & Dividend 5 -$11.09 $0.18 $0.26 $0.31 $0.40 $29.54 Price & Dividend 5
Price & Dividend 10 -$11.26 $0.00 $3.83 $0.25 $0.30 $0.18 $0.18 $0.26 $0.31 $0.40 $29.54 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.06 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.06 Price  20
Price & Dividend 15 $0.00 $0.00 $0.00 $0.00 $3.83 $0.25 $0.30 $0.18 $0.18 $0.26 $0.31 $0.40 $29.54 Price & Dividend 15
Price & Dividend 20 $0.00 $0.00 $0.00 $0.00 $3.83 $0.25 $0.30 $0.18 $0.18 $0.26 $0.31 $0.40 $29.54 Price & Dividend 20
Price H/L Median CDN$ $5.93 $10.98 $11.02 $13.29 $11.38 $11.23 $6.77 $9.29 $10.58 $13.41 $15.27 $19.63 $25.71 $32.54 133.26% <-Total Growth 10 Stock Price CDN$
Increase 44.51% 85.23% 0.41% 20.60% -14.37% -1.36% -39.69% 37.15% 13.89% 26.81% 13.87% 28.52% 30.98% 26.57% 8.84% <-IRR #YR-> 10 Stock Price 133.26% CDN$
P/E Ratio -74.06 -1097.50 73.47 28.89 11.61 38.71 -10.92 77.38 18.88 17.88 16.24 17.68 18.80 20.22 22.59% <-IRR #YR-> 5 Stock Price 176.84% CDN$
Trailing P/E Ratio -10.77 -137.19 -1102.00 88.60 24.74 11.45 23.34 -14.98 88.13 23.95 20.36 20.88 23.16 23.80 13.79% <-IRR #YR-> 10 Price & Dividend 189.47% CDN$
P/E on Running 5 yr Average -47.02 -85.74 -112.45 -2215.00 37.93 30.01 26.87 37.74 39.76 60.95 43.63 28.20 27.19 28.16 24.80% <-IRR #YR-> 5 Price & Dividend 196.34% CDN$
P/E on Running 10 yr Average -4430.00 119.79 90.52 109.19 125.47 81.35 51.58 42.18 41.40 43.15 45.79 17.78 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 4.96% 2.21% % Tot Ret 35.92% 8.92% T P/E 23.25 23.16 P/E:  18.34 17.88 Count 13 Years of data CDN$
-$11.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.71
-$9.29 $0.00 $0.00 $0.00 $0.00 $25.71
-$11.02 $0.00 $3.83 $0.25 $0.30 $0.18 $0.18 $0.26 $0.31 $0.40 $26.19
-$9.29 $0.18 $0.26 $0.31 $0.40 $26.19
High Months CDN$ Dec Nov Apr Jul Oct Mar Jan Nov Oct May Dec Dec Nov Oct
Price High $7.10 $14.80 $12.27 $15.95 $13.23 $14.32 $9.67 $11.69 $13.80 $15.02 $19.54 $22.16 $30.20 $38.11 146.13% <-Total Growth 10 Stock Price CDN$
Increase 46.39% 108.45% -17.09% 29.99% -17.05% 8.24% -32.47% 20.89% 18.05% 8.84% 30.09% 13.41% 36.28% 26.19% 9.42% <-IRR #YR-> 10 Stock Price 146.13% CDN$
P/E Ratio -88.75 -1480.00 81.80 34.67 13.50 49.38 -15.60 97.42 24.64 20.03 20.79 19.96 22.09 23.69 20.90% <-IRR #YR-> 5 Stock Price 158.34% CDN$
Trailing P/E Ratio -12.91 -185.00 -1227.00 106.33 28.76 14.61 33.34 -18.85 115.00 26.82 26.05 23.57 27.21 27.88 20.41 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 27.01 26.82 P/E:  21.44 20.79 49.38 P/E Ratio Historical High CDN$
-$12.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.20
-$11.69 $0.00 $0.00 $0.00 $0.00 $30.20
Low Months CDN$ Jan Jan Feb Jan Feb Aug Mar Feb Mar Jan May May Apr Apr
Price Low $4.75 $7.15 $9.77 $10.63 $9.53 $8.13 $3.87 $6.88 $7.35 $11.80 $11.00 $17.09 $21.21 $26.96 117.09% <-Total Growth 10 Stock Price CDN$
Increase 41.79% 50.53% 36.64% 8.80% -10.35% -14.69% -52.40% 77.78% 6.83% 60.54% -6.78% 55.36% 24.11% 27.11% 8.06% <-IRR #YR-> 10 Stock Price 117.09% CDN$
P/E Ratio -59.38 -715.00 65.13 23.11 9.72 28.03 -6.24 57.33 13.13 15.73 11.70 15.40 15.52 16.76 25.25% <-IRR #YR-> 5 Stock Price 208.28% CDN$
Trailing P/E Ratio -8.64 -89.38 -977.00 70.87 20.72 8.30 13.34 -11.10 61.25 21.07 14.67 18.18 19.11 19.72 14.26 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs T P/E 18.64 19.11 P/E:  15.46 15.40 -6.24 P/E Ratio Historical Low CDN$
-$9.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $21.21
Value using exchange rate $7.14 $13.16 $9.71 $9.69 $9.21 $7.57 $5.07 $8.54 $10.51 $10.16 $13.62 $16.30 $20.20 $26.02 $26.02 $26.02
Month, Year US$ Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 11.00 <Count Years> Month, Year US$
Price Close $5.65 $10.55 $9.89 $9.64 $9.15 $7.57 $5.04 $8.45 $10.57 $10.22 $13.65 $16.11 $20.27 $26.23 $26.23 $26.23 104.97% <-Total Growth 10 Stock Price US$
Increase 19.66% 86.88% -6.30% -2.52% -5.08% -17.27% -33.39% 67.58% 25.13% -3.35% 33.56% 18.02% 25.82% 29.40% 0.00% 0.00% 57.76 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E Ratio -70.23 -1122.53 76.48 29.02 12.54 32.75 -11.09 91.46 24.04 17.28 19.67 19.20 21.34 22.59 20.07 18.03 19.12% <-IRR #YR-> 5 Stock Price 139.88% US$
Trailing P/E Ratio -10.44 -131.25 -1051.80 74.55 27.54 10.37 21.81 -18.59 114.44 23.24 23.07 23.21 24.15 27.61 22.59 20.07 7.44% <-IRR #YR-> 10 Stock Price 104.97% US$
CAPE (10 Yr P/E) -239.17 88.45 72.19 184.37 164.40 93.41 43.32 34.12 27.67 24.89 24.13 24.67 23.04 21.06% <-IRR #YR-> 5 Price & Dividend 155.86% US$
Median 10, 5 Yrs D.  per yr 4.19% 1.94% % Tot Ret 36.02% 9.20% T P/E $23.22 $23.24 P/E:  $20.50 $19.67 11.63% <-IRR #YR-> 10 Price & Dividend 151.74% US$
Price 15 D.  per yr 4.17% % Tot Ret 26.00% CAPE Diff -60.88% 11.86% <-IRR #YR-> 13 Stock Price #DIV/0! US$
Price  20 D.  per yr #NUM! % Tot Ret #NUM! #NUM! <-IRR #YR-> 20 Stock Price #DIV/0! US$
Price & Dividend 15 16.03% <-IRR #YR-> 13 Price & Dividend #DIV/0! US$
Price & Dividend 20 #NUM! <-IRR #YR-> 20 Price & Dividend #DIV/0! US$
Price  5 -$8.45 $0.00 $0.00 $0.00 $0.00 $20.27 Price  5
Price 10 -$9.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.27 Price 10
Price & Dividend 5 -$8.45 $0.14 $0.21 $0.23 $0.30 $20.60 Price & Dividend 5
Price & Dividend 10 -$9.89 $0.00 $2.86 $0.20 $0.22 $0.14 $0.14 $0.21 $0.23 $0.30 $20.60 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.27 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.27 Price  20
Price & Dividend 15 $0.00 $0.00 $0.00 $0.00 $2.86 $0.20 $0.22 $0.14 $0.14 $0.21 $0.23 $0.30 $20.60 Price & Dividend 15
Price & Dividend 20 $0.00 $0.00 $0.00 $0.00 $2.86 $0.20 $0.22 $0.14 $0.14 $0.21 $0.23 $0.30 $20.60 Price & Dividend 20
Price H/L Median US$ $4.93 $8.40 $9.65 $7.18 $8.29 $8.52 $5.35 $6.95 $7.82 $10.82 $11.52 $14.57 $18.50 $23.21 91.75% <-Total Growth 10 Stock Price US$
Increase 70.39% 14.80% -25.55% 15.51% 2.74% -37.18% 29.74% 12.56% 38.43% 6.45% 26.49% 26.94% 25.47% 6.73% <-IRR #YR-> 10 Stock Price 91.75% US$
P/E Ratio -61.32 -893.62 74.60 21.62 11.36 36.86 -11.78 75.17 17.77 18.29 16.60 17.36 19.47 19.99 21.64% <-IRR #YR-> 5 Stock Price 166.31% US$
Trailing P/E Ratio -9.12 -104.49 -1025.90 55.54 24.97 11.68 23.16 -15.28 84.61 24.60 19.47 20.99 22.04 24.43 11.08% <-IRR #YR-> 10 Price & Dividend US$
P/E on Running 5 yr Average -39.69 -66.62 -96.20 -212.29 37.65 30.15 27.65 37.29 37.63 60.08 42.24 27.42 26.31 27.39 23.86% <-IRR #YR-> 5 Price & Dividend US$
P/E on Running 10 yr Average -424.57 147.92 107.61 158.64 161.58 89.88 54.05 41.49 40.19 41.60 43.99 17.77 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 4.36% 2.22% % Tot Ret 39.32% 9.30% T P/E 22.60 22.04 P/E:  18.03 17.77 Count 12 Years of data US$
-$9.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.50
-$6.95 $0.00 $0.00 $0.00 $0.00 $18.50
-$9.65 $0.00 $2.86 $0.20 $0.22 $0.14 $0.14 $0.21 $0.23 $0.30 $18.80
-$6.95 $0.14 $0.21 $0.23 $0.30 $18.80
High Months US$ Dec Nov Jul Jul Sep Feb Jan Nov Dec May Dec Dec Nov Sep
Price High $5.65 $11.08 $11.01 $5.85 $9.98 $10.70 $7.78 $8.96 $10.57 $12.31 $14.53 $16.58 $21.61 $27.57 96.36% <-Total Growth 10 Stock Price US$
Increase 96.27% -0.71% -46.81% 70.51% 7.23% -27.35% 15.23% 18.01% 16.45% 17.98% 14.13% 30.34% 27.58% 6.98% <-IRR #YR-> 10 Stock Price 96.36% US$
P/E Ratio -70.23 -1178.94 85.11 17.62 13.68 46.30 -17.11 96.98 24.04 20.81 20.93 19.76 22.75 23.75 19.25% <-IRR #YR-> 5 Stock Price 141.18% US$
Trailing P/E Ratio -10.44 -137.85 -1170.52 45.27 30.05 14.67 33.64 -19.71 114.44 27.99 24.56 23.89 25.75 29.02 20.81 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 26.87 25.75 P/E:  20.87 20.93 54.07 P/E Ratio Historical High US$
-$11.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $21.61
-$8.96 $0.00 $0.00 $0.00 $0.00 $21.61
Low Months US$ Jun Jan Oct Feb Feb May Mar Jan Mar  Jan May Apr Apr Mar
Price Low $4.21 $5.72 $8.29 $8.51 $6.61 $6.34 $2.93 $4.93 $5.06 $9.33 $8.51 $12.56 $15.38 $18.84 85.62% <-Total Growth 10 Stock Price US$
Increase 35.70% 44.88% 2.68% -22.34% -4.04% -53.78% 68.24% 2.64% 84.36% -8.78% 47.61% 22.45% 22.50% 6.38% <-IRR #YR-> 10 Stock Price 85.62% US$
P/E Ratio -52.41 -608.29 64.08 25.61 9.05 27.43 -6.45 53.36 11.50 15.77 12.26 14.97 16.19 16.23 25.55% <-IRR #YR-> 5 Stock Price 211.97% US$
Trailing P/E Ratio -7.79 -71.13 -881.27 65.80 19.89 8.69 12.68 -10.85 54.77 21.21 14.38 18.10 18.33 19.83 14.97 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 18.21 18.33 P/E:  15.37 14.97 -15.64 P/E Ratio Historical Low US$
-$8.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.38
Free Cash Flow Mkt Sc US$ $692.3 $348.8 $166.7 $493.2 $545.6 $640.5 $703.7 $783.5
Change -49.62% -52.20% 195.83% 10.62% 17.40% 9.87% 11.35%
Free Cash Flow Mkt Sc CDN$ $881.4 $442.2 $225.8 $652.3 $785.0 $887.7 $975.3 $1,086.0
Change -49.83% -48.94% 188.88% 20.34% 13.08% 9.87% 11.35%
$600.78 <-12 mths 7.63%
$1.50 <-12 mths 8.70%
Free Cash Flow Company US$ $210.60 $351.17 $352.81 $348.79 $394.42 $493.19 $558.21 Free Cash Flow Co US$ US$
Change 66.75% 0.47% -1.14% 13.08% 25.04% 13.18% Change US$
FCF per Share $0.81 $0.80 $0.83 $1.00 $1.26 $1.38 FCF per Share US$
Change -0.90% 3.38% 20.35% 26.68% 9.29% Change US$
$2.08 <-12 mths 4.70%
Free Cash Flow Company CDN$ $287.3 $456.1 $449.2 $442.2 $534.2 $652.3 $803.2 $706.5 $785.1 Free Cash Flow Co CDN$ CDN$
Change 58.75% -1.51% -1.56% 20.81% 22.11% 23.14% -12.04% 11.13% Change CDN$
FCF per Share $0.73 $1.05 $1.02 $1.05 $1.35 $1.67 $1.99 FCF per Share CDN$
Change 43.84% -2.86% 2.94% 28.57% 23.70% 18.90% Change CDN$
$242 <-12 mths 28.96%
Free Cash Flow MS US$ $16 -$274 -$676 -$420 $115 $98 -$33 $130 $139 $97 $72 -$17 $188 $0 $0 127.82% <-Total Growth 10 Free Cash Flow US$
Change -133.88% 493.22% 6.29% -29.97% -26.09% -123.84% 1199.55% -100.00% #DIV/0! 7.60% <-IRR #YR-> 5 Free Cash Flow MS 44.21% US$
FCF/CF from Op Ratio 8.46 -3.12 -1.30 0.31 2.03 0.17 0.16 0.06 0.05 0.04 0.02 -1.75 0.00 0.00 #NUM! <-IRR #YR-> 10 Free Cash Flow MS 127.82% US$
Dividends paid $1.91 $2.03 $2.48 $3.47 $4.08 $4.91 $5.38 $5.65 $5.29 $146.75 $150.27 $150.27 7592.73% <-Total Growth 9 Dividends paid US$
Percentage paid 2.53% -10.46% 3.13% 3.55% 5.55% 7.88% -30.95% 78.07% #DIV/0! #DIV/0! $0.03 <-Median-> 8 Percentage paid US$
5 Year Coverage 4.72% 5.81% 6.02% 35.13% 92.27% 188.89% 5 Year Coverage US$
Dividend Coverage Ratio 39.45 -9.56 31.98 28.21 18.02 12.69 -3.23 1.28 0.00 0.00 15.36 <-Median-> 8 Dividend Coverage Ratio US$
5 Year of Coverage 21.19 17.22 16.61 2.85 1.08 0.53 5 Year of Caogerage US$
$336 <-12 mths 24.22%
Free Cash Flow MS CDN$ OLD -$1,828 -$907 $410 $3 -$316 $990 $2,684 $2,426 $161 FCF MS CDN$ OLD
Change 50.38% 145.20% -99.27% -10633.33% 413.29% 171.15% -9.63% -93.37% Change
Free Cash Flow MS CDN$ $16 -$291 -$784 -$582 $154 $123 -$45 $169 $176 $123 $97 -$22.6 $270.5 $706.5 $785.1 134.50% <-Total Growth 10 Free Cash Flow CDN$
Change 900.00% -1918.75% -169.40% 25.77% 126.46% -20.28% -136.84% 474.37% 4.19% -30.27% -21.04% -123.28% 1296.24% 161.21% 11.13% 9.82% <-IRR #YR-> 5 Free Cash Flow MS 59.77% CDN$
FCF/CF from Op Ratio 2.03 0.17 0.16 0.06 0.05 0.04 0.02 -1.75 0.80 0.80 #NUM! <-IRR #YR-> 10 Free Cash Flow MS 134.50% CDN$
Dividends paid $2.21 $2.81 $3.33 $4.35 $5.56 $6.38 $6.85 $7.17 $7.17 $194.16 $208.27 $208.27 8673.66% <-Total Growth 9 Dividends paid CDN$
Percentage paid 2.71% -9.62% 3.28% 3.62% 5.57% 7.38% -31.69% 71.79% 29.48% 26.53% $0.03 <-Median-> 8 Percentage paid CDN$
5 Year Coverage 4.85% 5.82% 6.10% 34.41% 36.07% 34.03% 5 Year Coverage CDN$
Dividend Coverage Ratio 36.86 -10.40 30.45 27.65 17.95 13.55 -3.16 1.39 3.39 3.77 15.75 <-Median-> 8 Dividend Coverage Ratio CDN$
5 Year of Coverage 20.63 17.18 16.40 2.91 2.77 2.94 5 Year of Caogerage CDN$
Free Cash Flow WSJ CDN -$762.96 -$949.48 $193.60 -$179.55 -$578.92 $711.78 $2,446.02 $2,201.08 -$62.00 -$1.75 -$662.0 $706.5 $785.1 CDN$
Change -24.45% 120.39% -192.74% -222.43% 222.95% 243.65% -10.01% -102.82% 97.18% -37815.23% 206.72% 11.13% CDN$
Free Cash Flow WSJ US$ -$657.67 -$685.67 $144.19 -$143.12 -$424.36 $548.03 $1,921.16 $1,736.14 -$45.78 -$1.32 -$460.07 30.04% <-Total Growth 10 Free Cash Flow MK Sc Disag CDN$
Change -4.26% 121.03% -199.26% -196.50% 229.14% 250.56% -9.63% -102.64% 97.12% -34750.71% #NUM! <-IRR #YR-> 5 Free Cash Flow MS CDN$
FCF/CF from Op Ratio -1654.03 -1483.16 56690.38 8195.15 -3054.18 #DIV/0! 117702.11 -21716.58 1473.79 155.76 -11676.71 -3.51% <-IRR #YR-> 10 Free Cash Flow MS CDN$
Dividends paid $1.91 $2.03 $2.48 $3.47 $4.08 $4.91 $5.38 $5.65 $5.29 $146.75 7592.73% <-Total Growth 9 Dividends paid CDN$
Percentage paid 1.41% -1.73% -0.82% 0.74% 0.26% 0.31% -12.35% -400.73% -31.90% -$0.01 <-Median-> 9 Percentage paid CDN$
5 Year Coverage -0.56% -2.49% 0.83% 0.56% 0.63% 0.61% 5.33% 5 Year Coverage CDN$
Dividend Coverage Ratio 71.00 -57.71 -122.41 134.46 391.16 322.51 -8.10 -0.25 -3.14 -0.25 <-Median-> 9 Dividend Coverage Ratio CDN$
5 Year of Coverage -178.72 -40.18 120.60 179.05 159.02 164.28 18.75 5 Year of Coverage CDN$
Market Cap in $M US$ $469.0 $1,994.0 $2,611.3 $3,722.2 $3,542.1 $2,879.3 $2,184.3 $3,660.6 $4,655.4 $4,139.9 $5,357.6 $6,269.5 $8,199.3 $10,505.6 $10,505.6 $10,505.6 213.99% <-Total Growth 10 Market Cap 213.99% US$
Market Cap in $M CDN$ $589.6 $2,645.1 $2,973.3 $5,181.9 $4,784.8 $3,613.4 $2,993.4 $4,804.2 $5,890.9 $5,217.4 $7,241.5 $8,390.5 $11,754.8 $14,442.7 $14,442.7 $14,442.7 295.35% <-Total Growth 10 Market Cap 295.35% CDN$
Diluted # of Shares in Million 78.13 138.42 230.14 311.38 386.53 385.42 391.65 436.53 453.78 439.49 413.33 405.24 404.16 394.45 75.61% <-Total Growth 10 Diluted
Change 134.61% 77.17% 66.26% 35.30% 24.13% -0.29% 1.62% 11.46% 3.95% -3.15% -5.95% -1.96% -0.27% -2.40% 5.79% <-IRR #YR-> 10 Diluted
Difference Diluted/Basic 0.00% 0.00% -2.11% -1.98% 0.00% 0.00% 0.00% -0.40% -3.35% -3.74% -3.97% -3.69% -1.80% -0.04% -1.53% <-IRR #YR-> 5 Diluted
Basic # of Shares in Millions 78.13 138.42 225.29 305.23 386.53 385.42 391.65 434.81 438.56 423.07 396.91 390.30 396.88 394.30 76.16% <-Total Growth 10 Basic
Change 134.61% 77.17% 62.75% 35.48% 26.63% -0.29% 1.62% 11.02% 0.86% -3.53% -6.18% -1.67% 1.69% -0.65% 1.24% <-Median-> 10 Change
Difference 6.28% 36.49% 17.21% 26.51% 0.15% -1.31% 10.61% -0.37% 0.39% -4.25% -1.11% -0.29% 1.92% 1.58% -0.07% <-Median-> 10 Difference
-$310.9 <-12 mths -190.08%
# of Share in Millions 83.042 188.935 264.059 386.135 387.117 380.356 433.204 433.204 440.275 405.077 392.495 389.169 404.502 400.519 400.519 400.519 4.36% <-IRR #YR-> 10 Shares 53.19%
Change 25.10% 127.52% 39.76% 46.23% 0.25% -1.75% 13.89% 0.00% 1.63% -7.99% -3.11% -0.85% 3.94% -0.98% 0.00% 0.00% -1.36% <-IRR #YR-> 5 Shares -6.63%
Cash Flow from Operations $M US$ $17.6 -$32.3 $216.4 $323.6 $368.1 $48.3 -$197.9 $799.9 $2,187.3 $1,981.5 $1,854.8 -$986.2 -$107.2 $639.5 $704.2 -149.52% <-Total Growth 10 Cash Flow US$
Increase 459.34% -284.09% 769.39% 49.55% 13.76% -86.89% -509.96% 504.30% 173.44% -9.41% -6.39% -153.17% 89.13% 696.77% 10.12% Share Iss SO, Buybacks Cl B Shares Conv. US$
5 year Running Average $104.1 $178.7 $184.8 $151.7 $268.4 $641.1 $963.8 $1,325.1 $1,167.4 $986.0 $676.5 $421.0 #DIV/0! <-Total Growth 9 CF 5 Yr Running US$
CFPS $0.21 -$0.17 $0.82 $0.84 $0.95 $0.13 -$0.46 $1.85 $4.97 $4.89 $4.73 -$2.53 -$0.26 $1.60 $1.76 -132.33% <-Total Growth 10 Cash Flow per Share US$
Increase 387.24% -180.91% 578.95% 2.27% 13.47% -86.66% -459.95% 504.30% 169.05% -1.54% -3.39% -153.63% 89.55% 702.71% 10.12% #NUM! <-IRR #YR-> 10 Cash Flow -149.52% US$
5 year Running Average $0.32 $0.53 $0.51 $0.46 $0.66 $1.49 $2.28 $3.19 $2.78 $2.36 $1.68 $1.06 #NUM! <-IRR #YR-> 5 Cash Flow -113.40% US$
P/CF on Med Price 23.32 -49.10 11.77 8.57 8.72 67.16 -11.72 3.76 1.57 2.21 2.44 -5.75 -69.81 14.53 0.00 #NUM! <-IRR #YR-> 10 Cash Flow per Share -132.33% US$
P/CF on Closing Price 26.71 -61.68 12.07 11.50 9.62 59.66 -11.04 4.58 2.13 2.09 2.89 -6.36 -76.51 16.43 14.92 #NUM! <-IRR #YR-> 5 Cash Flow per Share -114.35% US$
606.64% Diff M/C 24.63% <-IRR #YR-> 9 CFPS 5 yr Running #DIV/0! US$
$1,122.04 <-12 mths 6.98%
Excl.Working Capital CF US$ -$14.64 $54.93 -$83.60 $1,827.81 $318.59 $759.43 $839.56 -$7.99 -$1,483.34 -$1,246.43 $618.91 $1,449.26 $1,155.96 $0.00 $0.00 28.95% <-IRR #YR-> 5 CFPS 5 yr Running 256.53% US$
Cash Flow from Operations $M WC $2.92 $22.61 $132.80 $2,151.44 $686.74 $807.69 $641.71 $791.91 $703.91 $735.04 $2,473.68 $463.06 $1,048.80 $639.50 $704.23 689.79% <-Total Growth 10 Cash Flow less WC US$
Increase 123.46% 673.12% 487.45% 1520.12% -68.08% 17.61% -20.55% 23.41% -11.11% 4.42% 236.54% -81.28% 126.49% -39.03% 10.12% 27.51% <-IRR #YR-> 10 Cash Flow less WC 689.79% US$
5 year Running Average $459.5 $599.3 $760.3 $884.1 $1,015.9 $726.4 $736.1 $1,069.2 $1,033.5 $1,084.9 $1,072.0 $1,065.9 5.78% <-IRR #YR-> 5 Cash Flow less WC 32.44% US$
CFPS Excl. WC $0.04 $0.12 $0.50 $5.57 $1.77 $2.12 $1.48 $1.83 $1.60 $1.81 $6.30 $1.19 $2.59 $1.60 $1.76 10.02% <-IRR #YR-> 9 CF less WC 5 Yr Run #DIV/0! US$
Increase 118.75% 239.81% 320.32% 1007.92% -68.16% 19.70% -30.24% 23.41% -12.54% 13.50% 247.32% -81.12% 117.91% -38.42% 10.12% 1.32% <-IRR #YR-> 5 CF less WC 5 Yr Run 6.79% US$
5 year Running Average $1.21 $1.60 $2.02 $2.29 $2.56 $1.76 $1.77 $2.61 $2.55 $2.70 $2.70 $2.69 17.82% <-IRR #YR-> 10 CFPS - Less WC 415.57% US$
P/CF on Median Price 140.05 70.22 19.18 1.29 4.68 4.01 3.61 3.80 4.89 5.96 1.83 12.24 7.13 14.53 0.00 7.24% <-IRR #YR-> 5 CFPS - Less WC 41.84% US$
P/CF on Closing Price 160.39 88.21 19.66 1.73 5.16 3.56 3.40 4.62 6.61 5.63 2.17 13.54 7.82 16.43 14.92 9.34% <-IRR #YR-> 10 CFPS 5 yr Running #DIV/0! US$
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 2.32 5 yr  1.57 P/CF Med 10 yr 4.34 5 yr  5.96 278.14% Diff M/C 1.10% <-IRR #YR-> 5 CFPS 5 yr Running 5.63% US$
-$447.3 <-12 mths -190.08%
Cash Flow from Operations $M CDN$ $17.5 -$34.4 $251.0 $448.1 $494.3 $60.5 -$269.9 $1,038.9 $2,784.8 $2,512.1 $2,512.1 -$1,304.3 -$154.2 $886.3 $976.1 -161.42% <-Total Growth 10 Cash Flow CDN$
Increase 451.53% -296.81% 830.12% 78.51% 10.30% -87.75% -545.81% 484.92% 168.05% -9.79% 0.00% -151.92% 88.18% 674.83% 10.12% Share Iss SO, Buybacks Cl B Shares Conv. CDN$
5 year Running Average $2.5 -$4.4 $45.8 $135.5 $235.3 $243.9 $196.8 $354.4 $821.7 $1,225.3 $1,715.6 $1,508.7 $1,270.1 $890.4 $583.2 2671.18% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS $0.21 -$0.18 $0.95 $1.16 $1.28 $0.16 -$0.62 $2.40 $6.33 $6.20 $6.40 -$3.35 -$0.38 $2.21 $2.44 -140.10% <-Total Growth 10 Cash Flow per Share CDN$
Increase 380.99% -186.50% 622.40% 22.08% 10.02% -87.53% -491.42% 484.92% 163.74% -1.95% 3.21% -152.37% 88.63% 680.55% 10.12% #NUM! <-IRR #YR-> 10 Cash Flow -161.42% CDN$
5 year Running Average $0.41 $0.68 $0.67 $0.58 $0.87 $1.91 $2.89 $4.14 $3.59 $3.04 $2.22 $1.46 #NUM! <-IRR #YR-> 5 Cash Flow -114.84% CDN$
P/CF on Med Price 28.16 -60.31 11.59 11.45 8.91 70.52 -10.87 3.87 1.67 2.16 2.39 -5.86 -67.43 14.70 0.00 #NUM! <-IRR #YR-> 10 Cash Flow per Share -140.10% CDN$
P/CF on Closing Price 33.75 -76.93 11.84 11.56 9.68 59.68 -11.09 4.62 2.12 2.08 2.88 -6.43 -76.23 16.29 14.80 #NUM! <-IRR #YR-> 5 Cash Flow per Share -115.89% CDN$
616.53% Diff M/C 24.83% <-IRR #YR-> 9 CFPS 5 yr Running #DIV/0! CDN$
$1,614.50 <-12 mths 6.98%
Excl.Working Capital CF CDN$ -$14.56 $58.43 -$96.99 $2,531.05 $427.77 $952.71 $1,145.32 -$10.38 -$1,888.59 -$1,580.22 $838.25 $1,916.80 $1,663.31 $0.00 $0.00 28.29% <-IRR #YR-> 5 CFPS 5 yr Running 247.55% CDN$
Cash Flow from Operations $M WC $2.91 $24.04 $154.06 $2,979.20 $922.08 $1,013.25 $875.42 $1,028.54 $896.21 $931.88 $3,350.35 $612.45 $1,509.12 $886.35 $976.06 879.59% <-Total Growth 10 Cash Flow less WC CDN$
Increase 122.95% 726.50% 540.75% 1833.84% -69.05% 9.89% -13.60% 17.49% -12.87% 3.98% 259.52% -81.72% 146.41% -41.27% 10.12% 25.63% <-IRR #YR-> 10 Cash Flow less WC 879.59% CDN$
5 year Running Average $629.5 $816.5 $1,018.5 $1,188.8 $1,363.7 $947.1 $949.1 $1,416.5 $1,363.9 $1,460.0 $1,458.0 $1,466.9 7.97% <-IRR #YR-> 5 Cash Flow less WC 46.72% CDN$
CFPS Excl. WC $0.04 $0.13 $0.58 $7.72 $2.38 $2.66 $2.02 $2.37 $2.04 $2.30 $8.54 $1.57 $3.73 $2.21 $2.44 9.80% <-IRR #YR-> 9 CF less WC 5 Yr Run #DIV/0! CDN$
Increase 118.35% 263.27% 358.46% 1222.46% -69.13% 11.84% -24.14% 17.49% -14.26% 13.01% 271.05% -81.56% 137.07% -40.68% 10.12% 1.37% <-IRR #YR-> 5 CF less WC 5 Yr Run 7.06% CDN$
5 year Running Average $1.65 $2.17 $2.69 $3.07 $3.43 $2.30 $2.28 $3.45 $3.36 $3.64 $3.67 $3.70 20.39% <-IRR #YR-> 10 CFPS - Less WC 539.48% CDN$
P/CF on Median Price 169.14 86.24 18.89 1.72 4.78 4.21 3.35 3.91 5.20 5.83 1.79 12.47 6.89 14.70 0.00 9.46% <-IRR #YR-> 5 CFPS - Less WC 57.14% CDN$
P/CF on Closing Price 202.68 110.02 19.30 1.74 5.19 3.57 3.42 4.67 6.57 5.60 2.16 13.70 7.79 16.29 14.80 9.14% <-IRR #YR-> 9 CFPS 5 yr Running #DIV/0! CDN$
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 2.27 5 yr  1.67 P/CF Med 10 yr 4.50 5 yr  5.83 262.45% Diff M/C 1.16% <-IRR #YR-> 5 CFPS 5 yr Running 683.63% CDN$
-$0.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.26 Cash Flow per Share US$
-$1.85 $0.00 $0.00 $0.00 $0.00 -$0.26 Cash Flow per Share US$
-$0.32 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.36 CFPS 5 yr Running US$
-$0.66 $0.00 $0.00 $0.00 $0.00 $2.36 CFPS 5 yr Running US$
-$132.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,509.1 Cash Flow less WC US$
-$791.9 $0.0 $0.0 $0.0 $0.0 $1,048.8 Cash Flow less WC US$
-$459.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,084.9 CF less WC 5 Yr Run US$
-$1,015.9 $0.0 $0.0 $0.0 $0.0 $1,084.9 CF less WC 5 Yr Run US$
-$0.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.59 CFPS - Less WC US$
-$1.83 $0.00 $0.00 $0.00 $0.00 $2.59 CFPS - Less WC US$
-$0.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$0.38 Cash Flow per Share CDN$
-$2.40 $0.00 $0.00 $0.00 $0.00 -$0.38 Cash Flow per Share CDN$
-$0.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.04 CFPS 5 yr Running CDN$
-$0.87 $0.00 $0.00 $0.00 $0.00 $3.04 CFPS 5 yr Running CDN$
-$154.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,509.1 Cash Flow less WC CDN$
-$1,028.5 $0.0 $0.0 $0.0 $0.0 $1,509.1 Cash Flow less WC CDN$
-$629.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,460.0 CF less WC 5 Yr Run CDN$
-$1,363.7 $0.0 $0.0 $0.0 $0.0 $1,460.0 CF less WC 5 Yr Run CDN$
-$0.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.73 CFPS - Less WC CDN$
-$2.37 $0.00 $0.00 $0.00 $0.00 $3.73 CFPS - Less WC CDN$
-$1.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.64 CFPS 5 yr Running CDN$
-$3.43 $0.00 $0.00 $0.00 $0.00 $3.64 CFPS 5 yr Running CDN$
OPM Ratio CDN$ 47.41% -30.27% 75.18% 59.12% 52.78% 6.36% -30.90% 104.51% 289.15% 257.96% 221.91% -100.79% -9.85% 53.27% -113.11% <-Total Growth 10 OPM CDN$
Increase 156.35% -163.85% 348.35% -21.36% -10.73% -87.95% -585.88% 438.23% 176.68% -10.79% -13.98% -145.42% 90.22% 640.59% Should increase  or be stable. CDN$
Diff from Median -29.4% -145.1% 12.0% -12.0% -21.4% -90.5% -146.0% 55.6% 330.6% 284.2% 230.5% -250.1% -114.7% -20.7% -0.17 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 67.15% 5 Yrs 221.91% should be  zero, it is a   check on calculations CDN$
$0 <-12 mths #DIV/0!
Adjusted EBITDA US$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #DIV/0! <-Total Growth 9 Adjusted EBITDA
Change #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Change
EBITDA Margin 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-> 9 EBITDA Margin
$0 <-12 mths #DIV/0!
Adjusted EBITDA CDN$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #DIV/0! <-Total Growth 9 Adjusted EBITDA
Change #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! <-Median-> 0 Change
EBITDA Margin 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 <-Median-> 9 EBITDA Margin
EBIT US$ $427.3 $403.8 $461.1 $541.2 $599.5 $676.6 $759.0 $841.3
Change -5.48% 14.17% 17.38% 10.77% 12.86% 12.19% 10.84%
EBITDA Margin 56.48% 52.58% 55.17% 55.31% 55.12% 56.35% 100.00% 100.00%
EBIT CDN$ $544.0 $512.0 $624.5 $715.8 $862.6 $937.7 $1,052.0 $1,166.0
Change -5.88% 21.97% 14.62% 20.51% 8.71% 12.19% 10.84%
EBITDA Margin 56.48% 52.58% 55.17% 55.31% 55.12% 56.35% 100.00% 100.00%
Assets US$ $10,625 $10,085 $9,582 $7,864 $6,238 $6,426 $7,671 $8,181 $9,287 -23.00% <-Total Growth 7 Assets US$
Debt/Asset Ratio 0.99 0.96 0.96 0.99 1.02 1.01 1.17 1.04 0.91 1.00 <-Median-> 8 Debt/Asset Ratio
Long Term Debt US$ $995 $1,783 $6,953 $13,527 $10,328 $10,536 $9,728 $9,157 $7,748 $6,341 $6,503 $8,995 $8,485 $8,472 22.05% <-Total Growth 10 Long Term Debt US$ US$
Change 486.47% 79.27% 289.83% 94.56% -23.65% 2.02% -7.67% -5.87% -15.39% -18.16% 2.56% 38.31% -5.66% -0.16% -5.77% <-Median-> 10 Change US$
Debt/Market Cap Ratio 2.66 3.63 2.92 3.66 4.45 2.50 1.66 1.53 1.21 1.43 1.03 0.81 2.08 <-Median-> 10 Debt/Market Cap Ratio US$
Assets/Current Liabilities Ratio 21.54 42.69 30.67 38.44 33.32 30.18 25.28 18.84 14.11 10.75 9.78 10.29 9.49 9.54 16.48 <-Median-> 10 Assets/Current Liabilities Ratio US$
Debt to Cash Flow (Years) 56.65 -55.17 32.13 41.80 28.05 218.31 -49.17 11.45 3.54 3.20 3.51 -9.12 -79.18 13.25 3.52 <-Median-> 10 Debt to Cash Flow (Years) US$
Assets CDN$ $13,329 $13,758 $12,445 $10,013 $7,909 $8,704 $10,145 $11,772 $12,871 -11.68% <-Total Growth 7 Assets CDN$
Debt/Asset Ratio 0.99 0.96 0.96 0.99 1.02 1.01 1.17 1.01 0.91 1.00 <-Median-> 8 Debt/Asset Ratio
Long Term Debt CDN$ $990 $1,897 $8,066 $18,732 $13,867 $13,217 $13,271 $11,893 $9,864 $8,039 $8,808 $11,896 $11,896 $11,742 47.49% <-Total Growth 10 Long Term Debt CDN$ CDN$
Change 473.72% 91.65% 325.20% 132.24% -25.97% -4.68% 0.41% -10.38% -17.06% -18.50% 9.56% 35.06% 0.00% -1.29% -2.34% <-Median-> 10 Change CDN$
Debt/Market Cap Ratio 1.68 0.72 2.71 3.61 2.90 3.66 4.43 2.48 1.67 1.54 1.22 1.42 1.01 0.81 2.08 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 21.54 42.69 30.67 38.44 33.32 30.18 25.28 18.84 14.11 10.75 9.78 10.29 9.49 9.54 16.48 <-Median-> 10 Assets/Current Liabilities Ratio CDN$
Debt to Cash Flow (Years) 56.65 -55.17 32.13 41.80 28.05 218.31 -49.17 11.45 3.54 3.20 3.51 -9.12 -77.15 13.25 3.52 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles US$ $25 $72 $338 $710 $656 $653 $626 $611 $640 $655 $638 $640 $642 $617.83 90.18% <-Total Growth 10 Intangibles US$
Goodwill $64 $106 $443 $1,088 $926 $901 $1,038 $913 $942 $959 $1,022 $937 $1,030 $1,032.98 132.59% <-Total Growth 10 Goodwill US$
Total $89 $179 $781 $1,798 $1,582 $1,554 $1,664 $1,524 $1,582 $1,614 $1,660 $1,577 $1,673 $1,650.80 114.24% <-Total Growth 10 Total US$
Change 5622.54% 100.14% 337.12% 130.29% -12.02% -1.78% 7% -8.43% 3.77% 2.03% 2.86% -5.00% 6.08% -1.31% 2% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.19 0.09 0.30 0.48 0.45 0.54 0.76 0.42 0.34 0.39 0.31 0.25 0.20 0.16 40% <-Median-> 10 Intangible/Market Cap Ratio US$
Intangibles CDN$ $25 $77 $392 $983 $880 $819 $854 $793 $814 $830 $865 $846 $924 $856.31 135.89% <-Total Growth 10 Intangibles CDN$
Goodwill $65 $106 $471 $1,263 $1,283 $1,209 $1,302 $1,246 $1,223 $1,221 $1,295 $1,269 $1,482 $1,431.71 214.66% <-Total Growth 10 Goodwill CDN$
Total $90 $183 $863 $2,245 $2,163 $2,029 $2,157 $2,039 $2,038 $2,051 $2,160 $2,115 $2,407 $2,288.01 178.89% <-Total Growth 10 Total CDN$
Change 5587.77% 102.50% 372.43% 160.17% -3.66% -6.21% 6% -5.45% -0.07% 0.65% 5.30% -2.05% 13.78% -4.94% 0.29% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.15 0.07 0.29 0.43 0.45 0.56 0.72 0.42 0.35 0.39 0.30 0.25 0.20 0.16 0.41 <-Median-> 10 Intangible/Market Cap Ratio CDN$
Current Assets US$ $94.8 $188.1 $495.1 $594.1 $785.7 $698.9 $584.6 $522.0 $490.7 $513.5 $530.1 $554.6 $7,978.8 $9,286.5 1511.56% <-Total Growth 10 Assets US$
Current Liabilities $70.4 $76.1 $317.3 $472.8 $411.7 $464.0 $518.0 $712.1 $834.6 $951.7 $1,081.8 $1,210.4 $1,338.2 $1,476.9 321.73% <-Total Growth 10 Liabilities US$
Liquidity Ratio 1.35 2.47 1.56 1.26 1.91 1.51 1.13 0.73 0.59 0.54 0.49 0.46 5.96 6.29 0.93 <-Median-> 10 Ratio US$
Assets US$ $1,516.63 $3,248.08 $9,732.35 $18,171.85 $13,719.12 $14,005.29 $13,094.90 $13,419.77 $11,774.57 $10,233.01 $10,581.97 $12,454.69 $12,700.71 $14,083.3 Debt Ratio of 1.5 and up, best Current Ratio US$
Liabilities $1,091.03 $1,887.92 $7,292.09 $14,042.89 $10,753.94 $11,023.95 $10,171.26 $10,484.26 $8,802.44 $7,511.01 $7,864.18 $9,505.44 $9,926.40 $11,254.7 1.29 <-Median-> 10 Ratio US$
Debt Ratio 1.39 1.72 1.33 1.29 1.28 1.27 1.29 1.28 1.34 1.36 1.35 1.31 1.28 1.25 1.34 <-Median-> 5 Ratio US$
Estimates BVPS $7.29 $7.96 $8.56 Estimates Estimates BVPS
Estimate Book Value $2,921.5 $3,187.4 $3,430.1 Estimates Estimate Book Value
P/B Ratio (Close) 3.60 3.30 3.06 Estimates P/B Ratio (Close)
Difference from 10 year median 220.32% Diff M/C Estimates Difference from 10 yr med.
Book Value US$ $425.596 $1,360.2 $2,440.3 $4,129.0 $2,965.2 $2,981.3 $2,923.6 $2,935.5 $2,972.1 $2,722.0 $2,717.8 $2,949.2 $2,774.3 $2,828.6 Book Value US$
NCI 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 NCI US$
Book Value $425.596 $1,360.2 $2,440.3 $4,129.0 $2,965.2 $2,981.3 $2,923.6 $2,935.5 $2,972.1 $2,722.0 $2,717.8 $2,949.2 $2,774.3 $2,828.6 $2,828.6 $2,828.6 13.69% <-Total Growth 10 Book Value US$
Book Value per share $5.13 $7.20 $9.24 $10.69 $7.66 $7.84 $6.75 $6.78 $6.75 $6.72 $6.92 $7.58 $6.86 $7.06 $13.58 #DIV/0! -25.78% <-Total Growth 10 Book Value per Share US$
Increase 45.16% 40.47% 28.37% 15.71% -28.37% 2.33% -13.90% 0.41% -0.38% -0.46% 3.05% 9.44% -9.50% 2.97% 92.31% #DIV/0! 242.30% P/B Ratio Current/Historical Median US$
P/B Ratio (Median) 0.96 1.17 1.04 0.67 1.08 1.09 0.79 1.02 1.16 1.61 1.66 1.92 2.70 3.29 1.09 P/B Ratio Historical Median US$
P/B Ratio (Close) 1.10 1.47 1.07 0.90 1.19 0.97 0.75 1.25 1.57 1.52 1.97 2.13 2.96 3.71 1.93 #DIV/0! -2.94% <-IRR #YR-> 10 Book Value per Share -25.78% US$
Change -17.57% 33.04% -27.01% -15.76% 32.51% -19.15% -22.64% 66.90% 25.61% -2.90% 29.61% 7.84% 39.03% 25.67% -48.00% #DIV/0! 0.24% <-IRR #YR-> 5 Book Value per Share 1.21% US$
Leverage (A/BK) 3.56 2.39 3.99 4.40 4.63 4.70 4.48 4.57 3.96 3.76 3.89 4.22 4.58 4.98 3.96 <-Median-> 5 A/BV US$
Debt/Equity Ratio 2.56 1.39 2.99 3.40 3.63 3.70 3.48 3.57 2.96 2.76 2.89 3.22 3.58 3.98 2.96 <-Median-> 5 Debt/Eq Ratio US$
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.12 5 yr Med 1.66 230.85% Diff M/C 4.11 Historical Leverage (A/BK) US$
-$9.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.86
-$6.78 $0.00 $0.00 $0.00 $0.00 $6.86
Current Assets CDN$ $94.3 $200.1 $574.4 $822.7 $1,055.0 $876.7 $797.5 $678.0 $624.7 $651.1 $718.0 $733.5 $11,480.8 $12,871.1 1898.86% <-Total Growth 10 Current Assets CDN$
Current Liabilities $70.1 $80.9 $368.1 $654.6 $552.8 $582.1 $706.7 $924.9 $1,062.6 $1,206.6 $1,465.2 $1,600.9 $1,925.5 $2,047.1 423.08% <-Total Growth 10 Current Liabilities CDN$
Liquidity Ratio 1.35 2.47 1.56 1.26 1.91 1.51 1.13 0.73 0.59 0.54 0.49 0.46 5.96 6.29 0.93 <-Median-> 10 Ratio CDN$
Liq. with CF aft div 1.60 2.05 2.24 1.94 -0.70 1.52 0.95 0.17 2.37 1.90 1.64 -0.06 5.91 6.58 1.90 <-Median-> 5 Ratio If Div = 0 CDN$
Liq. CF re  Inv+Div  0.17 0.09 0.25 0.17 0.08 1.53 0.71 1.86 3.19 2.48 2.13 -0.34 5.44 6.72 2.48 <-Median-> 5 Ratio CDN$
Assets CDN$ $1,508.9 $3,454.7 $11,290.5 $25,163.3 $18,420.7 $17,569.6 $17,864.1 $17,429.6 $14,991.4 $12,973.4 $14,332.2 $16,472.6 $18,275.1 $19,519.5 61.86% <-Total Growth 10 Assets CDN$
Liabilities $1,085.5 $2,008.0 $8,459.6 $19,445.8 $14,439.3 $13,829.6 $13,875.6 $13,617.0 $11,207.3 $9,522.5 $10,651.2 $12,571.9 $14,283.1 $15,599.0 68.84% <-Total Growth 10 Liabilities CDN$
Debt Ratio 1.39 1.72 1.33 1.29 1.28 1.27 1.29 1.28 1.34 1.36 1.35 1.31 1.28 1.25 1.29 <-Median-> 10 Ratio CDN$
Estimates BVPS $10.11 $11.03 $11.87 Estimates Estimates BVPS
Estimate Book Value $4,049.2 $4,417.7 $4,754.2 Estimates Estimate Book Value
P/B Ratio (Close) 3.57 3.27 3.04 Estimates P/B Ratio (Close)
Difference from 10 year median 200.75% Diff M/C Estimates Difference from 10 yr med.
Book Value CDN$ US$ to CDN$ $3,992.0 $3,920.4
Book Value CDN$ $423.4 $1,446.7 $2,831.0 $5,717.6 $3,981.4 $3,740.1 $3,988.4 $3,812.6 $3,784.1 $3,450.9 $3,681.0 $3,900.7 $3,992.0 $3,920.4 Book Value CDN$
NCI $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 0.00 0.00 $0.0 NCI CDN$
Book Value $423.4 $1,446.7 $2,831.0 $5,717.6 $3,981.4 $3,740.1 $3,988.4 $3,812.6 $3,784.1 $3,450.9 $3,681.0 $3,900.7 $3,992.0 $3,920.4 $3,920.4 $3,920.4 41.01% <-Total Growth 10 Book Value CDN$
Book Value per share $5.10 $7.66 $10.72 $14.81 $10.28 $9.83 $9.21 $8.80 $8.59 $8.52 $9.38 $10.02 $9.87 $9.79 $9.79 $9.79 -7.95% <-Total Growth 10 Book Value per Share CDN$
Increase 42.01% 50.17% 40.02% 38.11% -30.54% -4.39% -6.37% -4.41% -2.34% -0.88% 10.08% 6.87% -1.54% -0.82% 0.00% 0.00% 219.80% P/B Ratio Current/Historical Median CDN$
P/B Ratio (Median) 1.16 1.43 1.03 0.90 1.11 1.14 0.74 1.05 1.23 1.57 1.63 1.96 2.60 3.32 1.15 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 1.39 1.83 1.05 0.91 1.20 0.97 0.75 1.26 1.56 1.51 1.97 2.15 2.94 3.68 3.68 3.68 -0.82% <-IRR #YR-> 10 Book Value per Share -7.95% CDN$
Change 4.16% 31.31% -42.56% -13.71% 32.60% -19.61% -22.32% 67.89% 23.54% -2.88% 30.12% 9.34% 36.89% 25.11% 0.00% 0.00% 2.32% <-IRR #YR-> 5 Book Value per Share 12.13% CDN$
Leverage (A/BK) 3.56 2.39 3.99 4.40 4.63 4.70 4.48 4.57 3.96 3.76 3.89 4.22 4.58 4.98 3.96 <-Median-> 5 A/BV CDN$
Debt/Equity Ratio 2.56 1.39 2.99 3.40 3.63 3.70 3.48 3.57 2.96 2.76 2.89 3.22 3.58 3.98 2.96 <-Median-> 5 Debt/Eq Ratio CDN$
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.19 5 yr Med 1.63 210.63% Diff M/C 4.11 Historical Leverage (A/BK) CDN$
-$10.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.87
-$8.80 $0.00 $0.00 $0.00 $0.00 $9.87
$270.06 <-12 mths 900.64%
Comprehensive Income US$ -$6.95 $2.02 $152.90 $529.36 $11.14 -$153.10 $86.31 -$49.83 $186.59 $242.67 $530.23 $472.98 $26.99 -82.35% <-Total Growth 10 Comprehensive Income US$
Increase -16.50% 129.11% 7453.16% 246.22% -97.90% -1474.50% 156.37% -157.74% 474.44% 30.06% 118.50% -10.80% -94.29% 30.06% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $134.27 $137.69 $108.46 $125.32 $84.77 $16.22 $62.53 $199.19 $276.53 $291.89 -15.92% <-IRR #YR-> 10 Comprehensive Income -82.35% US$
ROE -1.6% 0.1% 6.3% 12.8% 0.4% -5.1% 3.0% -1.7% 6.3% 8.9% 19.5% 16.0% 1.0% #NUM! <-IRR #YR-> 5 Comprehensive Income 154.16% US$
5Yr Median -2.1% -1.6% -0.7% 0.1% 0.4% 0.4% 3.0% 0.4% 0.4% 3.0% 6.3% 8.9% 8.9% 9.01% <-IRR #YR-> 9 5 Yr Running Average #DIV/0! US$
% Difference from Net Income -7.77% 230.48% 228.05% 320.24% -96.38% -224.20% 159.13% -166.24% -17.25% -13.58% 75.31% 34.19% -93.03% 28.05% <-IRR #YR-> 5 5 Yr Running Average 244.32% US$
Median Values Diff 5, 10 yr -15.4% -13.6% 8.9% <-Median-> 5 Return on Equity
-$152.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $27.0
$49.8 $0.0 $0.0 $0.0 $0.0 $27.0
-$134.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $291.9
-$84.8 $0.0 $0.0 $0.0 $0.0 $291.9
Current Liability Coverage Ratio 0.04 0.30 0.42 4.55 1.67 1.74 1.24 1.11 0.84 0.77 2.29 0.38 0.78 0.43   CFO / Current Liabilities US$
5 year Median -1.06 0.04 0.17 0.30 0.42 1.67 1.67 1.67 1.24 1.11 1.11 0.84 0.78 0.77 1.18 <-Median-> 10 Current Liability Cov Ratio US$
Asset Efficiency Ratio 0.19% 0.70% 1.36% 11.84% 5.01% 5.77% 4.90% 5.90% 5.98% 7.18% 23.38% 3.72% 8.26% 4.54% CFO / Total Assets US$
5 year Median -1.42% 0.19% 0.44% 0.70% 1.36% 5.01% 5.01% 5.77% 5.77% 5.90% 5.98% 5.98% 7.18% 7.18% 5.9% <-Median-> 10 Return on Assets  US$
Return on Assets ROA -0.43% -0.05% 0.48% 0.69% 2.24% 0.88% -1.11% 0.56% 1.92% 2.74% 2.86% 2.83% 3.05% 3.30% Net  Income/Assets Return on Assets US$
5Yr Median -0.94% -0.43% -0.24% -0.05% 0.48% 0.69% 0.69% 0.69% 0.88% 0.88% 1.92% 2.74% 2.83% 2.86% 2.1% <-Median-> 10 Asset Efficiency Ratio US$
Return on Equity ROE -1.52% -0.11% 1.91% 3.05% 10.38% 4.13% -4.99% 2.56% 7.59% 10.32% 11.13% 11.95% 13.95% 16.43% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median -2.03% -1.52% -0.82% -0.11% 1.91% 3.05% 3.05% 3.05% 4.13% 4.13% 7.59% 10.32% 11.13% 11.95% 9.0% <-Median-> 10 Return on Equity US$
$431.91 <-12 mths 11.56%
Net Income US$ -$6.45 -$1.55 $46.61 $125.97 $307.84 $123.27 -$145.95 $75.22 $225.49 $280.81 $302.45 $352.49 $387.14 $464.65 $509.24 $572.15 730.64% <-Total Growth 10 Net Income US$
Increase -8.10% 75.96% 3104.33% 170.27% 144.38% -59.96% -218.40% 151.54% 199.76% 24.53% 7.71% 16.54% 9.83% 20.02% 9.60% 12.35% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average -$2.5 -$2.8 $6.5 $31.7 $94.5 $120.4 $92 $97 $117 $112 $148 $247 $310 $358 $403 $457 23.58% <-IRR #YR-> 10 Net Income 730.64% US$
Operating Cash Flow $17.6 -$32.3 $216.4 $323.6 $368.1 $48.3 -$197.9 $799.9 $2,187.3 $1,981.5 $1,854.8 -$986.2 -$107.2 38.77% <-IRR #YR-> 5 Net Income 414.65% US$
Investment Cash Flow -$594.7 -$1,750.5 -$2,913.0 -$6,667.8 -$261.7 -$31.6 -$41.1 $63.4 -$7.6 -$67.8 -$48.4 -$76.7 -$157.8 47.10% <-IRR #YR-> 10 5 Yr Running Average 4644.74% US$
Total Accruals $570.7 $1,781.3 $2,743.2 $6,470.1 $201.4 $106.7 $93.0 -$788.1 -$1,954.2 -$1,632.9 -$1,503.9 $1,415.4 $652.1 26.06% <-IRR #YR-> 5 5 Yr Running Average 218.36% US$
Total Assets $1,516.6 $3,248.1 $9,732.4 $18,171.9 $13,719.1 $14,005.3 $13,094.9 $13,419.8 $11,774.6 $10,233.0 $10,582.0 $12,454.7 $12,700.7 Balance Sheet Assets US$
Accruals Ratio 37.63% 54.84% 28.19% 35.61% 1.47% 0.76% 0.71% -5.87% -16.60% -15.96% -14.21% 11.36% 5.13% -14.21% <-Median-> 5 Ratio US$
EPS/CF Ratio (WC) -2.28 -0.08 0.26 0.06 0.41 0.11 -0.31 0.05 0.28 0.33 0.11 0.71 0.37 0.19 <-Median-> 10 EPS/CF Ratio US$
-$46.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $387.1
-$75.2 $0.0 $0.0 $0.0 $0.0 $387.1
-$6.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $309.7
-$97.3 $0.0 $0.0 $0.0 $0.0 $309.7
Financial Cash Flow US$ $435.3 $1,784.6 $2,742.4 $8,075.3 -$62.8 $35.8 $198.8 -$860.4 -$2,225.9 -$1,885.3 -$5.6 $1,082.3 $454.8 C F Statement  Financial Cash Flow CDN$
Total Accruals $135.4 -$3.3 $0.8 -$1,605.2 $264.2 $70.9 -$105.8 $72.3 $271.7 $252.5 -$1,498.3 $333.1 $197.3 Accruals CDN$
Accruals Ratio 8.93% -0.10% 0.01% -8.83% 1.93% 0.51% -0.81% 0.54% 2.31% 2.47% -14.16% 2.67% 1.55% 2.31% <-Median-> 5 Ratio CDN$
Yes 0
$388.59 <-12 mths 900.64%
Comprehensive Income CDN$ -$6.92 $2.15 $177.37 $733.03 $14.96 -$192.07 $117.74 -$64.72 $237.57 $307.66 $718.15 $625.57 $38.83 -78.11% <-Total Growth 10 Comprehensive Income CDN$
Increase -13.97% 131.12% 8138.46% 313.27% -97.96% -1384.21% 161.30% -154.97% 467.06% 29.51% 133.42% -12.89% -93.79% 29.51% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $179.91 $184.12 $147.09 $170.21 $121.79 $22.69 $81.24 $263.28 $364.84 $385.55 -14.09% <-IRR #YR-> 10 Comprehensive Income -78.11% CDN$
ROE -1.6% 0.1% 6.3% 12.8% 0.4% -5.1% 3.0% -1.7% 6.3% 8.9% 19.5% 16.0% 1.0% #NUM! <-IRR #YR-> 5 Comprehensive Income 160.00% CDN$
5Yr Median -2.1% -1.6% -0.7% 0.1% 0.4% 0.4% 3.0% 0.4% 0.4% 3.0% 6.3% 8.9% 8.9% 8.84% <-IRR #YR-> 9 5 Yr Running Average #DIV/0! CDN$
% Difference from Net Income -7.77% 230.48% 228.05% 320.24% -96.38% -224.20% 159.13% -166.24% -17.25% -13.58% 75.31% 34.19% -93.03% 25.92% <-IRR #YR-> 5 5 Yr Running Average 216.58% CDN$
Median Values Diff 5, 10 yr -15.4% -13.6% 8.9% <-Median-> 5 Return on Equity
-$177.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $38.8
$64.7 $0.0 $0.0 $0.0 $0.0 $38.8
-$179.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $385.6
-$121.8 $0.0 $0.0 $0.0 $0.0 $385.6
Current Liability Coverage Ratio 0.04 0.30 0.42 4.55 1.67 1.74 1.24 1.11 0.84 0.77 2.29 0.38 0.78 0.43   CFO / Current Liabilities CDN$
5 year Median -1.06 0.04 0.17 0.30 0.42 1.67 1.67 1.67 1.24 1.11 1.11 0.84 0.78 0.77 1.18 <-Median-> 10 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 0.19% 0.70% 1.36% 11.84% 5.01% 5.77% 4.90% 5.90% 5.98% 7.18% 23.38% 3.72% 8.26% 4.54% CFO / Total Assets CDN$
5 year Median -1.42% 0.19% 0.44% 0.70% 1.36% 5.01% 5.01% 5.77% 5.77% 5.90% 5.98% 5.98% 7.18% 7.18% 5.9% <-Median-> 10 Return on Assets  CDN$
Return on Assets ROA -0.43% -0.05% 0.48% 0.69% 2.24% 0.88% -1.11% 0.56% 1.92% 2.74% 2.86% 2.83% 3.05% 3.30% Net  Income/Assets Return on Assets CDN$
5Yr Median -0.94% -0.43% -0.24% -0.05% 0.48% 0.69% 0.69% 0.69% 0.88% 0.88% 1.92% 2.74% 2.83% 2.86% 2.1% <-Median-> 10 Asset Efficiency Ratio CDN$
Return on Equity ROE -1.52% -0.11% 1.91% 3.05% 10.38% 4.13% -4.99% 2.56% 7.59% 10.32% 11.13% 11.95% 13.95% 16.43% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median -2.03% -1.52% -0.82% -0.11% 1.91% 3.05% 3.05% 3.05% 4.13% 4.13% 7.59% 10.32% 11.13% 11.95% 9.0% <-Median-> 10 Return on Equity CDN$
$621.47 <-12 mths 11.56%
Net Income CDN$ -$6.4 -$1.7 $54.1 $174.4 $413.3 $154.6 -$199.1 $97.7 $287.1 $356.0 $409.6 $466.20 $557.05 $644.0 $705.8 $793.0 930.26% <-Total Growth 10 Net Income CDN$
Increase -5.75% 74.30% 3376.91% 222.61% 136.96% -62.59% -228.75% 149.07% 193.85% 24.00% 15.07% 13.81% 19.49% 15.61% 9.60% 12.35% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average -$2.5 -$2.8 $8.0 $42.9 $126.8 $159.0 $119 $128 $151 $139 $190 $323 $415 $487 $557 $633 26.27% <-IRR #YR-> 10 Net Income 930.26% CDN$
Operating Cash Flow $17.5 -$34.4 $251.0 $448.1 $494.3 $60.5 -$269.9 $1,038.9 $2,784.8 $2,512.1 $2,512.1 -$1,304.3 -$154.2 41.64% <-IRR #YR-> 5 Net Income 470.16% CDN$
Investment Cash Flow -$591.7 -$1,861.8 -$3,379.3 -$9,233.1 -$351.4 -$39.7 -$56.0 $82.4 -$9.6 -$85.9 -$65.6 -$101.5 -$227.1 48.45% <-IRR #YR-> 10 5 Yr Running Average 5099.33% CDN$
Total Accruals $567.8 $1,894.6 $3,182.4 $8,959.4 $270.4 $133.8 $126.8 -$1,023.6 -$2,488.1 -$2,070.1 -$2,036.8 $1,872.0 $938.4 26.49% <-IRR #YR-> 5 5 Yr Running Average 223.86% CDN$
Total Assets $1,508.9 $3,454.7 $11,290.5 $25,163.3 $18,420.7 $17,569.6 $17,864.1 $17,429.6 $14,991.4 $12,973.4 $14,332.2 $16,472.6 $18,275.1 Balance Sheet Assets CDN$
Accruals Ratio 37.63% 54.84% 28.19% 35.61% 1.47% 0.76% 0.71% -5.87% -16.60% -15.96% -14.21% 11.36% 5.13% -14.21% <-Median-> 5 Ratio CDN$
EPS/CF Ratio (WC) -2.28 -0.08 0.26 0.06 0.41 0.11 -0.31 0.05 0.28 0.33 0.11 0.71 0.37 0.19 <-Median-> 10 EPS/CF Ratio CDN$
-$54.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $557.1
-$97.7 $0.0 $0.0 $0.0 $0.0 $557.1
-$8.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $415.2
-$128.2 $0.0 $0.0 $0.0 $0.0 $415.2
Change in Close 47.92% 97.18% -19.57% 19.18% -7.90% -23.14% -27.26% 60.49% 20.65% -3.74% 43.25% 16.86% 34.79% 24.09% 0.00% 0.00% Count 14 Years of data CDN$
up/down up down down down down down down down Down Down Count 10 71.43% CDN$
Meet Prediction? yes % right Count 1 10.00% CDN$
Financial Cash Flow CDN$ $433.1 $1,898.1 $3,181.4 $11,182.3 -$84.3 $44.9 $271.2 -$1,117.5 -$2,834.0 -$2,390.2 -$7.6 $1,431.5 $654.4 C F Statement  Financial Cash Flow CDN$
Total Accruals $134.7 -$3.5 $0.9 -$2,222.8 $354.7 $88.9 -$144.4 $93.9 $345.9 $320.1 -$2,029.3 $440.5 $283.9 Accruals CDN$
Accruals Ratio 8.93% -0.10% 0.01% -8.83% 1.93% 0.51% -0.81% 0.54% 2.31% 2.47% -14.16% 2.67% 1.55% 2.31% <-Median-> 5 Ratio CDN$
Cash US$ $10.048 $11.659 $57.641 $44.057 $9.412 $61.090 $16.126 $18.651 $6.903 $35.708 $50.854 $96.607 $128.845 $168.737 Cash US$
Cash per Share $0.12 $0.06 $0.22 $0.11 $0.02 $0.16 $0.04 $0.04 $0.02 $0.09 $0.13 $0.25 $0.32 $0.42 $0.13 <-Median-> 5 Cash per Share US$
Percentage of Stock Price 2.14% 0.58% 2.21% 1.18% 0.27% 2.12% 0.74% 0.51% 0.15% 0.86% 0.95% 1.54% 1.57% 1.61% 0.95% <-Median-> 5 % of Stock Price US$
Cash CDN$ $10.0 $12.4 $66.9 $61.0 $12.6 $76.6 $22.0 $24.2 $8.8 $45.3 $68.9 $127.772 $185.395 $233.869 Cash CDN$
Cash per Share $0.12 $0.07 $0.25 $0.16 $0.03 $0.20 $0.05 $0.06 $0.02 $0.11 $0.18 $0.33 $0.46 $0.58 $0.18 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 1.70% 0.47% 2.25% 1.18% 0.26% 2.12% 0.73% 0.50% 0.15% 0.87% 0.95% 1.52% 1.58% 1.62% 0.95% <-Median-> 5 % of Stock Price CDN$
Notes:
December 6, 2025.  Last estimates were for 2024, 2025, 2026 in CDN$ of $1,536M, $934.4M, $1023M Revenue, $1.59, $1.74 2024/5 AEPS, 
$1.36, $1.53, $1.72 EPS, $0.49, $0.67, $0.76 Dividends, $753.9M, $706.5M, $785.1M FCF, $9.86, $10.53, $10.95 BVPS, $535.7M, $619.5M, $706.7M Net Income.
December 8, 2024.  Last estimates were for 2023, 2024, 2025 of $1291M, $1392M, $1498M Revenue, $1.31, $1.45, $1.61 AEPS, $
1.17, $1.33 and $1.54 EPS, $0.42, $0.50, $0.60 Dividends, $648M, $695M, $767M FCF, $9.38, $10.10, $10.40 BVPS, $628M, $689M, $756M Net Income.
December 10, 2023.  Last estimates were for 2022, 2023 and 2024 of $1113M, $1166M and $1256M for Revenue, $1.07, $1.17 and $1.35 for AEPS, $0.93, $1.03 and $1.26 for EPS, 
$0.33, $0.41 and $0.48 for Dividends, $531M, $564M and $667M for FCF, $8.26m $8.81 and $9.54 for BVPS, and $366M, $399M and $492M for Net Income. 
December 17, 2022.  Last estimates were for 2021, 2022 and 2023 of $965M, $977M and $1059M for Revenue, $0.72, $0.76 and $0.92 for EPS, $0.28, $0.32 and $0.35 for Dividends, 
$429M, $453M and $522M for FCF, and $334M, $328M and $366M for Net Income.
December 18, 2021.  Last estimates were for 2020, 2021 and 2022 of $953M, $1006M and $1055M for Revenue, $0.62, $0.82 and $0.91 for EPS, $0.20, $0.27 and $0.30 for Dividends, 
$443M, $496M, and $567M for FCF, $0.78, $1.05 and $1.23 for CFPS and $249M, $346M and $405M for Net Income.
December 25, 2020.  Last estimates were for 2019, 2020 and 2021of $984M, $1038M and $1102M for Revnue, $0.58, $0.83 and $0.95 for EPS, $0.18, $0.18 and $0.21 for Dividends and $262M, $358M and $452M for Net Income.
December 26, 2019.  Last estmates were for 2018, 2019 and 200 of $873M, $898M and $929M for Revenue, -$0.62, $0.55 and $0.76 for EPS and -$232M, $260M and $347M.
December 2018.  Started Spreadsheet.
Sep 20 2016 plan approved for October 3, 2016.  Shareholders received 1 ECN Share for each EFN share. ECN shares started trading at $3.50.
October 3, 2016 – Element Financial Corporation (“Element”), now Element Fleet Management Corp. (TSX: EFN) (“Element Fleet”) and ECN Capital Corp. (TSX: ECN) (“ECN Capital”) today  jointly 
announced the completion of the reorganization of Element into two separate publicly-traded companies (the “Separation Transaction”), implemented by way of statutory plan of arrangement (the “Arrangement”).
Fair Value said to be $1,710,473 and dividend listed at $1,444,448
shares  of 387.112489M and value of $,444,448.
Sector:
Financial Services, Finance
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I was looking for stocks to follow and I found this stock in 100 best Dividend Stocks Money Sense for 2018.
It was also on Raymond James' top 19 Canadian stocks for 2019 list.
“The mid-point of management’s guidance range under its profitability improvement plan implies a two-year Adjusted EPS CAGR [compound annual growth rate] of 13 per cent,” 
said analyst Brenna Phelan. “Importantly,the majority of the profitability improvement is driven by operating cost reductions - i.e., top-line growth implied in guidance is very modest. 
Under an economic outlook where revenue growth appears that it may be more challenging to come by, a self-help, operating leverage driven, low-mid teens EPS growth story is a very compelling one, in our view.”
Why I bought this stock.
Dividends
Dividends are paid quarterly in Cycle 1 of January, April, July and October.  Dividends are declared in one month for shareholders of record of the following month and paid in the next month.
For example, the dividends declared on March 3,2016 was for shareholders of record of March 31, 2016 and paid on April 15, 2016.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets.  The company operates in the 
U.S., Canada, Mexico, Australia, and New Zealand. Key revenue is generated from United States and Canada.  
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2017 Sep 14 2018 Dec 26 2019 Dec 25 2020 Dec 18 2021 Dec 17 2022 Dec 10 2023 Dec 6 2024 Dec 6, 2025
Dottori-Attanasio, Laura Lee 0.190 0.05% 0.242 0.06% 0.316 0.08% 30.31%
CEO - Shares - Amt $4.090 $7.038 $11.381
Options - percentage 0.237 0.06% 0.436 0.11% 0.596 0.15% 36.79%
Options - amount $5.111 $12.669 $21.504
Forbes, Jay 0.300 0.07% 0.300 0.07% 0.400 0.09% 0.400 0.10% 0.400 0.10% Cannot find in 2017
CEO - Shares - Amt $2.073 $3.327 $5.352 $5.152 $7.380 Nullmeyer, Bradley
Options - percentage 2.679 0.62% 3.035 0.70% 3.290 0.75% 3.517 0.87% 3.614 0.92% was CEO in 2017
Options - amount $18.512 $33.659 $44.014 $45.296 $66.686 Forbes Chair 2018
Valkenburg, Heath leslie 0.000 0.00% 0.004 0.00% #DIV/0!
CFO - Shares - Amount $0.000 $0.150
Options - percentage 0.013 0.00% 0.037 0.01% 188.86%
Options - amount $0.371 $1.329
Ruperto, Frank 0.000 0.00% 0.005 0.00% 0.009 0.00% 0.020 0.00% Ceased insider Mar 2025
CFO - Shares - Amount $0.000 $0.108 $0.188 $0.587
Options - percentage 0.203 0.05% 0.342 0.09% 0.466 0.12% 0.314 0.08%
Options - amount $4.376 $7.366 $10.044 $9.129
Colman, David 0.001 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.006 0.00% Ceased insider Jan 2025
Officer - Shares - Amount $0.007 $0.055 $0.067 $0.068 $0.097 $0.113 $0.178
Options - percentage 0.182 0.04% 0.199 0.05% 0.154 0.04% 0.109 0.03% 0.107 0.03% 0.095 0.02% 0.086 0.02%
Options - amount $1.257 $2.205 $2.065 $1.406 $1.973 $2.052 $2.497
Halliday, James 0.03% 0.085 0.02% 0.085 0.02% 0.085 0.02% 0.085 0.02% 0.085 0.02% 0.088 0.02% 0.089 0.02% 0.054 0.01% Last updated May 2025 -39.19%
Officer - Shares - Amount $0.907 $0.587 $0.943 $1.137 $1.095 $1.568 $1.897 $2.595 $1.958
Options - percentage 0.34% 1.461 0.34% 1.432 0.33% 1.476 0.34% 1.151 0.28% 0.926 0.24% 0.725 0.19% 0.558 0.14% 0.462 0.12% -17.19%
Options - amount $12.216 $10.098 $15.883 $19.747 $14.824 $17.089 $15.636 $16.217 $16.664
Eisenberg, Kobi (Jacob) 0.156 0.04% 0.156 0.04% 0.00%
Officer - Shares - Amount $4.526 $5.616
Options - percentage 0.000 0.00% 0.195 0.05% #DIV/0!
Options - amount $0.000 $7.034
Addicott, Virginia Claire 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.005 0.00% 0.00%
Director - Shares - Amount $0.092 $0.108 $0.145 $0.180
Options - percentage 0.029 0.01% 0.045 0.01% 0.055 0.01% 0.063 0.02% 13.58%
Options - amount $0.543 $0.976 $1.601 $2.256
Clarke, Andrew 0.015 0.00% 0.015 0.00% 0.015 0.00% 0.015 0.00% 0.015 0.00% 0.015 0.00% 0.015 0.00% Ceased insider May 2025
Director - Shares - Amount $0.104 $0.166 $0.201 $0.193 $0.277 $0.323 $0.436
Options - percentage 0.013 0.00% 0.035 0.01% 0.056 0.01% 0.071 0.02% 0.082 0.02% 0.100 0.03% 0.111 0.03%
Options - amount $0.091 $0.391 $0.743 $0.918 $1.522 $2.146 $3.219
Graham, Keith 0.050 0.01% 0.025 0.01% -50.00%
Director - Shares - Amount $1.453 $0.902
Options - percentage 0.075 0.02% 0.083 0.02% 9.38%
Options - amount $2.192 $2.975
Taylor, Kathleen 0.020 0.01% 0.020 0.00% 0.020 0.00% 0.00%
Chairman  - Shares - Amt $0.431 $0.581 $0.721
Options - percentage 0.000 0.00% 0.014 0.00% 0.026 0.01% 86.71%
Options - amount $0.000 $0.399 $0.924
Denison, David Francis 0.030 0.01% 0.031 0.01% 0.031 0.01% 0.031 0.01% 0.031 0.01% Ceased Insider May 2024
Chairman  - Shares - Amt $0.333 $0.410 $0.394 $0.565 $0.660
Options - percentage 0.042 0.01% 0.079 0.02% 0.107 0.03% 0.127 0.03% 0.157 0.04%
Options - amount $0.469 $1.057 $1.381 $2.349 $3.386
Increase in O/S Shares 0.25% 2.254 0.59% 0.524 0.12% 1.649 0.38% 2.851 0.65% 3.804 0.94% 1.302 0.33% 0.630 0.16% 0.365 0.09%
Due to Stock Options $12.139 $21.411 $3.618 $18.284 $38.146 $48.995 $24.017 $13.591 $10.617
Book Value $6.436 $14.518 $2.625 $16.667 $40.025 $40.025 $19.462 $8.653 $3.106
Insider Buying -$2.156 -$4.786 -$0.581 -$1.188 $0.000 -$0.122 -$5.782 -$1.952 -$2.745
Insider Selling $11.002 $0.000 $0.106 $0.852 $3.048 $4.607 $9.609 $5.564 $3.361
Net Insider Selling $8.846 -$4.786 -$0.475 -$0.336 $3.048 $4.485 $3.828 $3.613 $0.616
Net Selling % of Market Cap 0.11% -0.06% -0.01% 0.00% 0.04% 0.05% 0.05% 0.03% 0.00%
Directors 9 9 10 10 9 10 10 10
Women 1 11% 2 22% 3 30% 4 40% 4 44% 6 60% 6 60% 6 60%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 7 17.80% 20 39.20% 20 60.78% 20 50.62% 20 31.64% 20 36.85% 20 34.17%
Total Shares Held 0.913 132.25% 170.454 43.80% 266.636 68.51% 198.792 51.08% 123.090 31.63% 149.096 38.31% 136.674 35.12%
Increase/Decrease 3 Mths -0.026 -2.78% 2.790 1.66% 66.837 33.45% 0.276 0.14% 1.288 1.06% 7.679 5.43% -10.310 -7.01%
Starting No. of Shares 0.939 167.664 Top 20 MS 199.798 Top 20 MS 198.517 Top 20 MS 121.802 Top 20 MS 141.417 Top 20 MS 146.984 Top 20 MS
Institutions/Holdings
Total Shares Held
Increase/Decrease 3 Mths
Starting No. of Shares
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