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Partners Value Split

TSX:PVS.PRD
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PVS.PRD
TSX
CA$877M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Partners Value Split Corp is a private fund launched and managed by Brookfield Investment Management (Canada) Inc. The last earnings update was 3 days ago. More info.


Add to Portfolio Compare Print
  • Partners Value Split is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
PVS.PRD Share Price and Events
7 Day Returns
3.3%
TSX:PVS.PRD
2%
CA Capital Markets
6.4%
CA Market
1 Year Returns
-7.5%
TSX:PVS.PRD
-19.2%
CA Capital Markets
-25.5%
CA Market
PVS.PRD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Partners Value Split (PVS.PRD) 3.3% -6.6% -7.5% -7.5% -7% -4.2%
CA Capital Markets 2% -24% -26.2% -19.2% -20% -21.3%
CA Market 6.4% -22.6% -26.8% -25.5% -23.5% -17.4%
1 Year Return vs Industry and Market
  • PVS.PRD outperformed the Capital Markets industry which returned -19.2% over the past year.
  • PVS.PRD outperformed the Market in Canada which returned -25.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

PVS.PRD Value

 Is Partners Value Split undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Partners Value Split to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Partners Value Split.

TSX:PVS.PRD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $78.00 * 14.8%
$11.58
Book Value of Equity per Share Median Book Value from the past 5 years. $78.00
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:PVS.PRD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.752 (1 + (1- 26.5%) (0.01%))
0.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.834 * 5.44%)
5.98%

Discounted Cash Flow Calculation for TSX:PVS.PRD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Partners Value Split is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:PVS.PRD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.8% – 5.98%) * $78.00)
$6.92
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $6.92 / (5.98% - 1.44%)
$152.52
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $78.00 + $152.52
$230.52
TSX:PVS.PRD Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:PVS.PRG)
1.407
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $230.52 x 1.407
CA$324.43
Non-primary Listing Adjustment Factor 1 share in TSX:PVS.PRD represents 1.06576x of TSX:PVS.PRG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06576x
Value per Share
(Listing Adjusted, CAD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 324.43 x 1.06576
CA$345.76
Value per share (CAD) From above. CA$345.76
Current discount Discount to share price of CA$23.50
= -1 x (CA$23.50 - CA$345.76) / CA$345.76
93.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Partners Value Split is available for.
Intrinsic value
>50%
Share price is CA$23.5 vs Future cash flow value of CA$345.76
Current Discount Checks
For Partners Value Split to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Partners Value Split's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Partners Value Split's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Partners Value Split's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Partners Value Split's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PVS.PRD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $17.42
TSX:PVS.PRG Share Price ** TSX (2020-03-27) in CAD CA$22.05
TSX:PVS.PRG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.711 $15.67
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 7.37x
Canada Market PE Ratio Median Figure of 500 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Partners Value Split.

TSX:PVS.PRD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PVS.PRG Share Price ÷ EPS (both in USD)

= 15.67 ÷ 17.42

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Partners Value Split is good value based on earnings compared to the CA Capital Markets industry average.
  • Partners Value Split is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Partners Value Split's expected growth come at a high price?
Raw Data
TSX:PVS.PRD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.81x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Partners Value Split, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Partners Value Split's assets?
Raw Data
TSX:PVS.PRD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $94.70
TSX:PVS.PRG Share Price * TSX (2020-03-27) in CAD CA$22.05
TSX:PVS.PRG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.711 $15.67
Canada Capital Markets Industry PB Ratio Median Figure of 157 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 0.99x
TSX:PVS.PRD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PVS.PRG Share Price ÷ Book Value per Share (both in USD)

= 15.67 ÷ 94.70

0.17x

* Primary Listing of Partners Value Split.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Partners Value Split is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Partners Value Split's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Partners Value Split has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PVS.PRD Future Performance

 How is Partners Value Split expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Partners Value Split has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Partners Value Split expected to grow at an attractive rate?
  • Unable to compare Partners Value Split's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Partners Value Split's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Partners Value Split's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:PVS.PRD Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PVS.PRD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PVS.PRD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 51 57 1,547
2019-09-30 51 47 1,073
2019-06-30 50 38 600
2019-03-31 49 35 131
2018-12-31 48 33 -339
2018-09-30 48 36 -101
2018-06-30 47 39 136
2018-03-31 50 43 483
2017-12-31 53 47 831
2017-09-30 52 45 714
2017-06-30 51 42 598
2017-03-31 47 38 344

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Partners Value Split is high growth as no earnings estimate data is available.
  • Unable to determine if Partners Value Split is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PVS.PRD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Partners Value Split Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PVS.PRD Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31
2019-09-30
2019-06-30 17.42
2019-03-31 3.81
2018-12-31 -9.91
2018-09-30 -2.97
2018-06-30 3.99
2018-03-31 14.28
2017-12-31 24.72
2017-09-30 17.58
2017-06-30 12.55
2017-03-31 8.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Partners Value Split will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Partners Value Split's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Partners Value Split has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PVS.PRD Past Performance

  How has Partners Value Split performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Partners Value Split's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Partners Value Split's year on year earnings growth rate has been positive over the past 5 years.
  • Partners Value Split has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Partners Value Split has become profitable in the last year making it difficult to compare the CA Capital Markets industry average.
Earnings and Revenue History
Partners Value Split's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Partners Value Split Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PVS.PRD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 51.46 1,546.72 0.28
2019-09-30 50.77 1,073.41 0.41
2019-06-30 50.07 600.11 0.54
2019-03-31 49.23 130.63 0.52
2018-12-31 48.39 -338.85 0.51
2018-09-30 47.60 -101.43 0.39
2018-06-30 46.80 135.99 0.27
2018-03-31 50.03 483.25 0.27
2017-12-31 53.26 830.51 0.27
2017-09-30 52.32 714.18 0.28
2017-06-30 51.37 597.85 0.29
2017-03-31 46.53 343.83 0.30
2016-12-31 41.69 89.81 0.30
2016-09-30 41.64 49.94 0.40
2016-06-30 41.04 0.63 0.49
2016-03-31 39.59 158.92 0.42
2015-12-31 38.17 317.49 0.35
2015-09-30 34.03 523.04 0.16
2015-06-30 33.95 797.66 0.14
2015-03-31 32.58 754.70 0.14
2014-12-31 34.66 790.93 0.15
2014-06-30 36.49 692.94 0.30
2014-03-31 32.75 591.24 0.29
2013-12-31 31.39 532.33 0.30
2013-09-30 30.29 304.01 0.15
2013-06-30 28.85 277.06 0.15
2013-03-31 29.15 294.65 0.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Partners Value Split has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Partners Value Split used its assets more efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Partners Value Split's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Partners Value Split's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Partners Value Split has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PVS.PRD Health

 How is Partners Value Split's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Partners Value Split's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Partners Value Split is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Partners Value Split's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Partners Value Split's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 190.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Partners Value Split Company Filings, last reported 2 months ago.

TSX:PVS.PRD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,620.91 0.08 1.51
2019-09-30 4,620.91 0.08 1.51
2019-06-30 3,835.80 0.00 13.09
2019-03-31 3,835.80 0.00 13.09
2018-12-31 3,177.16 0.01 107.17
2018-09-30 3,177.16 0.01 107.17
2018-06-30 3,255.62 0.00 22.86
2018-03-31 3,255.62 0.00 22.86
2017-12-31 3,488.31 0.00 16.34
2017-09-30 3,488.31 0.00 16.34
2017-06-30 3,138.44 0.00 11.74
2017-03-31 3,138.44 0.00 11.74
2016-12-31 2,638.93 0.00 0.52
2016-09-30 2,638.93 0.00 0.52
2016-06-30 2,641.09 0.00 15.37
2016-03-31 2,643.48 0.00 15.38
2015-12-31 2,570.53 0.00 55.32
2015-09-30 2,655.55 0.00 57.15
2015-06-30 2,799.62 0.00 10.64
2015-03-31 2,758.74 0.00 10.48
2014-12-31 2,683.91 0.00 11.40
2014-06-30 2,350.21 0.00 6.99
2014-03-31 2,272.03 0.00 6.76
2013-12-31 2,062.62 0.07 0.05
2013-09-30 1,991.48 0.05 0.03
2013-06-30 1,944.03 0.05 0.03
2013-03-31 1,940.45 0.05 1.55
  • Partners Value Split's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Partners Value Split's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (75341.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Partners Value Split's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Partners Value Split has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PVS.PRD Dividends

 What is Partners Value Split's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Partners Value Split dividends.
If you bought CA$2,000 of Partners Value Split shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Partners Value Split's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Partners Value Split's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PVS.PRD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Partners Value Split has not reported any payouts.
  • Unable to verify if Partners Value Split's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Partners Value Split's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Partners Value Split has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Partners Value Split's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Partners Value Split afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Partners Value Split has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PVS.PRD Management

 What is the CEO of Partners Value Split's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ed Kress
TENURE AS CEO 11 years
CEO Bio

Mr. Edward Charles Kress, CPA, CA, also known as Ed, has been the President of BAM Split Corp. (also known as BNN Split Corp.) since April 2009. Mr. Kress serves as the President of Brascade Corporation (formerly, Brascade Resources Inc). He served as the President of Halmont Properties Corporation (also known as GIC Holdings Canada Ltd.) since February 2007 until November 2015. He serves as the Chairman and President of Brookfield Investments Corporation. He served as the Chief Executive Officer of Halmont Properties Corporation since November 2015 until November 2016. Mr. Kress served as a Power Generation Chairman of Brookfield Asset Management Inc. Mr. Kress also served as an Executive Vice President at Brascan Corporation of Brookfield Investments Corporation. He joined the Brookfield's senior management team in 1974 from Ernst & Young LLP and has worked extensively with a variety of industry stakeholders in respect to property tax reform and industry re-regulation in Ontario. In 1974, he joined the Brascan group and held a variety of executive positions, including Chief Executive Officer of Great Lakes Power and Chief Financial Officer of Brascan. Mr. Kress serves as the Chairman of Brascade Corporation. He has been Chairman of Western Wind Energy Corp. since March 1, 2013. He serves as the Chairman at Great Lakes Power Inc. (Formerly Brascan Power Inc.). He is the Director of Partners Value Investments LP. He serves as Group Chairman of Brookfield Renewable Power, Inc. and is responsible for the expansion of Brookfield's power generation over the many years, including the Magpie River, Valerie Falls and Lake Superior Power developments and the acquisition of Pontiac Power, Highvale Power and Louisiana Hydroelectric. He serves as Chairman of Business Advisory Board and Director for Brookfield Power Inc. He serves as a Director at Brookfield Energy Marketing Inc. Mr. Kress has been a Director of Great Lakes Power Inc. since 1991; BAM Split Corp. since March 2009; GLP NT Corp. since 2003 and BAM Investments Corp., since 2009. He serves as a Director at Brookfield Renewable Power Preferred Equity Inc. He served as an Independent Director of Wilmington Capital Management Inc. since 2005 until August 7, 2019. He has been a Director of Brookfield Investments Corporation since 1991 and Brookfield Renewable Power, Inc., since 2002. He served as a Director at Halmont Properties Corporation since February 2007 until June 27, 2018. He has many years of management experience with the Brookfield group of companies. He is Corporate Director of Brookfield Group. He served as Director of Partners Value Spilt Corp. from 2009 to 2016. He served as a Corporate Director at Partners Value Investments LP since 2009. He has been an Independent Trustee of Morguard REIT (Morguard Real Estate Investment Trust) since July 31, 2008. He served as a Trustee of Brookfield Renewable Energy Partners LP since November 18, 1999. Mr. Kress holds a Bachelor of Commerce Degree from the University of Toronto and is a Chartered Accountant.

CEO Compensation
  • Insufficient data for Ed to compare compensation growth.
  • Insufficient data for Ed to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Ed Kress

TITLE
President and Director
TENURE
11 yrs
Board of Directors

Ed Kress

TITLE
President and Director
TENURE
11 yrs

Brian Lawson

TITLE
Director
AGE
60
TENURE
19.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Partners Value Split's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Partners Value Split has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PVS.PRD News

Simply Wall St News

PVS.PRD Company Info

Description

Partners Value Split Corp is a private fund launched and managed by Brookfield Investment Management (Canada) Inc. The investment portfolio comprises of Class A Limited voting shares of Brookfield Asset Management Inc. It was formerly known as BAM Split Corp. Partners Value Split Corp is based in Toronto, Ontario.

Details
Name: Partners Value Split Corp.
PVS.PRD
Exchange: TSX
Founded:
CA$877,283,505
39,786,100
Website: http://www.partnersvaluesplit.com
Address: Partners Value Split Corp.
Brookfield Place,
Suite 300,
Toronto,
ON M5J 2T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PVS.PRG PFD SHS AA 9 The Toronto Stock Exchange CA CAD 26. Nov 2018
TSX PVS.PRE PFD SER CL A The Toronto Stock Exchange CA CAD 29. Oct 2015
TSX PVS.PRD PFD CL AA SER 6 The Toronto Stock Exchange CA CAD 08. Jul 2014
TSX PVS.PRH PFD CL AA SER 10 The Toronto Stock Exchange CA CAD 02. Mar 2020
Number of employees
Current staff
Staff numbers
0
Partners Value Split employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 02:47
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/03/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.