- CI Financial‘s adjusted earnings per share (EPS) for the 4th quarter was C$1.06, up from C$0.81 the previous year. This surpassed the estimated C$0.96.
- The company reported free cash flow of C$179.9 million, which increased by 5.3% compared to the previous year. This was slightly below the expected C$182 million.
- Net revenue decreased by 5.3% year-over-year to C$677.8 million, falling short of the C$779 million estimate.
- Assets under management grew by 10% year-over-year to C$137.82 billion, but did not meet the estimated C$144.88 billion.
- Due to a pending transaction, CI Financial will not hold a conference call to discuss its earnings and does not plan to provide further monthly asset updates unless the transaction agreement is terminated.
- Analyst ratings for CI Financial 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 | 2 | |
| Momentum | 5 | |
| 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
CI Financial Corporation, a wealth management firm known for its diverse investment funds, currently receives a mixed outlook based on the Smartkarma Smart Scores. While showing strong momentum with a score of 5, indicating positive market trends, other key factors such as value, growth, resilience, and dividend are relatively moderate, ranging from 2 to 3. This suggests a solid performance in the short term but may lack significant potential in terms of long-term growth and stability.
Despite the lower scores in value, growth, resilience, and dividend, CI Financial remains a notable player in the wealth management sector. With a wide range of offerings including mutual funds, industry-specific funds, RSP-eligible funds, multi-manager funds, segregated funds, and hedge funds, the company provides investors with diverse options for their investment needs. Investors should keep an eye on market trends and company performance to make informed decisions regarding the long-term prospects of CI Financial.
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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