Canoe EIT Income Fund (EIT.UN) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 8.12%
• Average Volume (3M): 143.80K
• Price to Earnings (P/E): 4.2
• Beta (1Y): 0.60
• Revenue Growth: 108.74%
• EPS Growth: 413.87%
• Country: CA
• Employees: 98
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Income
• EPS (TTM): 2.19
• Shares Outstanding: 185,077,200
• 10 Day Avg. Volume: 168,812
• 30 Day Avg. Volume: 143,804
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: ―

Canoe EIT Income Fund shows strong financial performance with robust revenue and profit growth, backed by a solid balance sheet. Valuation metrics indicate the stock is attractively priced with a low P/E ratio and high dividend yield. Technical analysis shows short-term upward momentum, although caution is advised due to high stochastic levels suggesting potential for a pullback. Cash flow management remains an area for improvement.

Canoe EIT Income Fund Business Overview & Revenue Model

Company Description

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of mid-cap and large-cap companies. It invests in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers. The fund was formerly known as EnerVest Diversified Income Trust. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada.

How the Company Makes Money

Canoe EIT Income Fund generates revenue through a combination of dividend income, interest income, and capital gains from its diversified portfolio of investments. The fund invests in a variety of income-generating securities, such as stocks, bonds, and other financial instruments, with the objective of providing consistent monthly distributions to its investors. The management team strategically selects and manages these investments to optimize returns, while actively monitoring market conditions to mitigate risks. Additionally, management fees and performance fees contribute to the fund's earnings, which are charged based on the fund's assets under management and overall performance. Strategic partnerships with financial advisors and institutions help enhance distribution and investor engagement, further supporting the fund's revenue generation.

Canoe EIT Income Fund Financial Statement Overview

Summary

Canoe EIT Income Fund exhibits strong financial health with robust revenue and profit growth, supported by a solid balance sheet. The income statement and balance sheet are strengths, but cash flow management needs improvement to ensure sustainable growth and liquidity.

Income Statement

The company has demonstrated strong revenue growth, with a significant increase from the previous period. Gross profit and net profit margins are robust, indicating effective cost management and high profitability. However, the large fluctuations in EBIT and EBITDA margins suggest some instability in operational efficiency.

Balance Sheet

The balance sheet shows a strong equity base with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, reflecting conservative leverage. However, the fluctuating net debt levels could indicate varying liquidity positions over time, which may pose a risk.

Cash Flow

The operating cash flow has improved from a negative position to positive, indicating better cash management. However, free cash flow remains low, and cash flow to net income ratios suggest that not all profits are translating into cash, highlighting potential concerns in cash generation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	360.02M	148.57M	278.12M	597.15M	80.52M
Gross Profit	325.82M	148.57M	250.84M	576.64M	60.02M
EBITDA	652.65M	1.73M	0.00	0.00	0.00
Net Income	637.59M	124.73M	255.37M	575.86M	59.57M
Balance Sheet
Total Assets	3.09B	2.66B	2.51B	2.24B	1.55B
Cash, Cash Equivalents and Short-Term Investments	109.97M	14.77M	98.23M	145.48M	43.76M
Total Debt	269.83M	95.99M	98.09M	91.64M	92.23M
Total Liabilities	292.17M	338.30M	337.22M	327.44M	324.14M
Stockholders Equity	2.80B	2.32B	2.17B	1.91B	1.23B
Cash Flow
Free Cash Flow	20.14M	-112.77M	-50.13M	-12.09M	-9.36M
Operating Cash Flow	20.14M	-112.77M	-50.13M	-12.09M	-9.36M
Investing Cash Flow	294.98M	0.00	-73.46M	-21.14M	-4.99M
Financing Cash Flow	-211.83M	27.59M	8.68M	115.42M	-115.90M

Canoe EIT Income Fund Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.16
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EIT.UN, the sentiment is Negative. The current price of 15.16 is below the 20-day moving average (MA) of 15.33, below the 50-day MA of 15.36, and above the 200-day MA of 14.84, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 40.43 is Neutral, neither overbought nor oversold. The STOCH value of 33.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EIT.UN.

Canoe EIT Income Fund Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRU.UN	78 Outperform	C$4.43B	20.11	4.42%	7.03%	7.01%	-15.80%
EIT.UN	76 Outperform		4.24	25.07%	8.12%	108.74%	413.87%
DIR.UN	74 Outperform	C$3.47B	16.31	4.60%	5.70%	7.23%	20.37%
FCR.UN	73 Outperform	C$4.00B	15.32	6.58%	4.76%	2.53%	―
CRR.UN	70 Outperform	C$2.75B	―	-0.21%	5.95%	6.86%	92.60%
Sector *	68 Neutral	$17.48B	11.72	10.44%	3.82%	10.01%	1.29%
CAR.UN	64 Neutral	C$6.65B	83.52	0.88%	3.61%	-2.56%	―

Canoe EIT Income Fund Corporate Events

Canoe EIT Income Fund Declares April 2025 Distribution

Canoe EIT Income Fund announced its April 2025 monthly distribution of $0.10 per unit, payable to unitholders on May 15, 2025. This announcement reflects the fund’s ongoing strategy to provide consistent returns to its investors, although the return of capital may impact the fund’s net asset value and future income generation.

Spark’s Take on TSE:EIT.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:EIT.UN is a Neutral.

Canoe EIT Income Fund’s overall score reflects a challenging financial performance, particularly in terms of declining revenue and negative cash flows. However, the strong balance sheet and attractive valuation, including a high dividend yield, provide some offsets. The technical analysis suggests potential for recovery, but the absence of earnings call data and notable corporate events leaves some uncertainty.

To see Spark’s full report on TSE:EIT.UN stock, click here.

Canoe EIT Income Fund Declares March 2025 Distribution

Canoe EIT Income Fund has announced its March 2025 monthly distribution of $0.10 per unit, payable to unitholders on April 15, 2025. This announcement reflects the fund’s ongoing commitment to providing regular income to its investors, although it includes a return of capital component that may affect the fund’s net asset value and future income generation capabilities.