- CI Financial‘s adjusted EPS for the second quarter is C$0.89, slightly down from C$0.90 the previous year, but surpassing the estimate of C$0.85.
- The average assets under management increased by 3.9% year-over-year, reaching C$134.2 billion.
- Free cash flow grew by 15% year-over-year, totaling C$174.7 million.
- Adjusted basic EPS is C$0.90, a minor decrease from C$0.91 last year.
- Net revenue dropped by 8.8% year-over-year to C$898.8 million.
- Current assets under management saw a 6.3% increase, amounting to C$138.30 billion.
- Analyst ratings include 0 buys, 3 holds, and 2 sells.
A look at CI Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores to assess CI Financial‘s long-term outlook find a mixed picture for the wealth management firm. While the company shows strong momentum with a score of 4, indicating positive stock price trends, its performance in other areas varies. CI Financial scores moderately in dividend and resilience at 3, suggesting stability in payouts and ability to weather economic fluctuations. However, its value and growth factors only score 2 each, signaling potential undervaluation and limited growth prospects in the near future.
CI Financial Corporation, a leading wealth management firm specializing in various investment funds, displays a somewhat cautious long-term outlook based on the Smartkarma Smart Scores. Despite strong momentum in its stock price performance, the company’s overall score is tempered by modest ratings in value and growth. With a diverse range of offerings including mutual funds, segregated funds, and hedge funds, CI Financial aims to cater to a wide range of investors seeking wealth management solutions from a reputable firm.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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