Loading...

We've got a brand new version of Simply Wall St! Try it out

Echelon Financial Holdings

TSX:EFH
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EFH
TSX
CA$75M
Market Cap
  1. Home
  2. CA
  3. Insurance
Company description

Echelon Financial Holdings Inc., through its subsidiaries, provides property and casualty insurance products and services in Canada. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
EFH Share Price and Events
7 Day Returns
2.3%
TSX:EFH
1.1%
CA Insurance
-0.5%
CA Market
1 Year Returns
-47.5%
TSX:EFH
9.4%
CA Insurance
1.1%
CA Market
EFH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Echelon Financial Holdings (EFH) 2.3% 0.5% 22.9% -47.5% -48.4% -47.6%
CA Insurance 1.1% 0% 1.7% 9.4% 11.2% 19.9%
CA Market -0.5% -1.9% -1.6% 1.1% 5.5% 8.6%
1 Year Return vs Industry and Market
  • EFH underperformed the Insurance industry which returned 9.4% over the past year.
  • EFH underperformed the Market in Canada which returned 1.1% over the past year.
Price Volatility
EFH
Industry
5yr Volatility vs Market

EFH Value

 Is Echelon Financial Holdings 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 Echelon Financial Holdings 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 Echelon Financial Holdings.

TSX:EFH 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
= CA$12.21 * 3.2%
CA$0.39
Book Value of Equity per Share Median Book Value from the past 5 years. CA$12.21
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

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:EFH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.671 (1 + (1- 26.5%) (1.21%))
0.783
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.8 * 5.96%)
6.72%

Discounted Cash Flow Calculation for TSX:EFH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Echelon Financial Holdings 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:EFH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.2% – 6.72%) * CA$12.21)
CA$-0.43
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$-0.43 / (6.72% - 1.95%)
CA$-8.99
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$12.21 + CA$-8.99
CA$3.23
TSX:EFH Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$3.23
Current discount Discount to share price of CA$6.29
= -1 x (CA$6.29 - CA$3.23) / CA$3.23
-95%

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

  • The current share price of Echelon Financial Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Echelon Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Echelon Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:EFH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.09
TSX:EFH Share Price ** TSX (2019-10-10) in CAD CA$6.29
Canada Insurance Industry PE Ratio Median Figure of 12 Publicly-Listed Insurance Companies 12.79x
Canada Market PE Ratio Median Figure of 535 Publicly-Listed Companies 13.7x

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

** Primary Listing of Echelon Financial Holdings.

TSX:EFH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:EFH Share Price ÷ EPS (both in CAD)

= 6.29 ÷ -0.09

-69.33x

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

  • Echelon Financial Holdings is loss making, we can't compare its value to the CA Insurance industry average.
  • Echelon Financial Holdings is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Echelon Financial Holdings's expected growth come at a high price?
Raw Data
TSX:EFH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -69.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Insurance Industry PEG Ratio Median Figure of 10 Publicly-Listed Insurance Companies 1.05x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 0.87x

*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 Echelon Financial Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Echelon Financial Holdings's assets?
Raw Data
TSX:EFH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$7.48
TSX:EFH Share Price * TSX (2019-10-10) in CAD CA$6.29
Canada Insurance Industry PB Ratio Median Figure of 14 Publicly-Listed Insurance Companies 1.11x
Canada Market PB Ratio Median Figure of 2,465 Publicly-Listed Companies 1.35x
TSX:EFH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:EFH Share Price ÷ Book Value per Share (both in CAD)

= 6.29 ÷ 7.48

0.84x

* Primary Listing of Echelon Financial Holdings.

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

  • Echelon Financial Holdings is good value based on assets compared to the CA Insurance industry average.
X
Value checks
We assess Echelon Financial Holdings'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Echelon Financial Holdings has a total score of 1/6, 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.

EFH Future Performance

 How is Echelon Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 Echelon Financial Holdings 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
11.4%
Expected Insurance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Echelon Financial Holdings expected to grow at an attractive rate?
  • Unable to compare Echelon Financial Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Echelon Financial Holdings's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Echelon Financial Holdings's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:EFH Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Canada Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:EFH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:EFH Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31
2019-10-14
TSX:EFH Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 32 -215 -1
2019-03-31 32 58 -1
2018-12-31 31 51 -2
2018-09-30 -27 57 -8
2018-06-30 -64 40 -7
2018-03-31 -16 25 -4
2017-12-31 30 -121 5
2017-09-30 221 -144 14
2017-06-30 209 -153 14
2017-03-31 203 -135 13
2016-12-31 197 18 7
2016-09-30 198 28 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Echelon Financial Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Echelon Financial Holdings 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:EFH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Echelon Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:EFH Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 1.25 1.25 1.25 1.00
2019-10-14
TSX:EFH Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.09
2019-03-31 -0.12
2018-12-31 -0.20
2018-09-30 -0.65
2018-06-30 -0.60
2018-03-31 -0.32
2017-12-31 0.39
2017-09-30 1.19
2017-06-30 1.23
2017-03-31 1.12
2016-12-31 0.56
2016-09-30 1.08

*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 Echelon Financial Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Echelon Financial Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Echelon Financial Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Insurance companies here
  3. Echelon Financial Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Echelon Financial Holdings'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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Echelon Financial Holdings 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.

EFH Past Performance

  How has Echelon Financial Holdings 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 Echelon Financial Holdings's growth in the last year to its industry (Insurance).
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.
  • Echelon Financial Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Echelon Financial Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Echelon Financial Holdings's 1-year growth to the CA Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Echelon Financial Holdings'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 Echelon Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:EFH Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 32.37 -1.08 7.62
2019-03-31 31.89 -1.42 7.84
2018-12-31 31.34 -2.42 7.90
2018-09-30 -27.46 -7.69 -3.22
2018-06-30 -63.71 -7.10 -6.55
2018-03-31 -15.50 -3.75 0.11
2017-12-31 30.08 4.62 6.02
2017-09-30 220.55 14.05 30.04
2017-06-30 208.93 14.43 27.81
2017-03-31 203.02 13.12 27.75
2016-12-31 196.71 6.61 29.16
2016-09-30 198.02 12.64 29.58
2016-06-30 192.61 10.09 31.71
2016-03-31 189.05 11.90 29.67
2015-12-31 189.14 12.25 27.64
2015-09-30 222.62 11.89 29.32
2015-06-30 259.22 18.12 30.86
2015-03-31 280.38 14.72 31.63
2014-12-31 301.31 18.72 32.59
2014-09-30 281.55 12.40 30.05
2014-06-30 252.67 10.10 27.65
2014-03-31 241.09 18.50 26.42
2013-12-31 222.58 13.32 23.89
2013-09-30 206.60 17.23 24.35
2013-06-30 215.91 28.81 24.24
2013-03-31 200.50 21.01 23.01
2012-12-31 199.67 24.88 23.98

*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.
  • It is difficult to establish if Echelon Financial Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Echelon Financial Holdings has efficiently used its assets last year compared to the CA Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Echelon Financial Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Echelon Financial Holdings'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 Insurance 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.
Echelon Financial Holdings has a total score of 0/6, 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.

EFH Health

 How is Echelon Financial Holdings'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 Echelon Financial Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Echelon Financial Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Echelon Financial Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Echelon Financial Holdings'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.
  • Echelon Financial Holdings has no debt, it does not need to be covered by short term assets.
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 Echelon Financial Holdings Company Filings, last reported 3 months ago.

TSX:EFH Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 93.87 0.00 87.65
2019-03-31 144.47 0.00 29.94
2018-12-31 149.51 0.00 40.98
2018-09-30 157.15 0.00 132.81
2018-06-30 157.16 0.00 113.38
2018-03-31 152.49 0.00 91.64
2017-12-31 146.65 0.00 106.52
2017-09-30 147.89 0.00 104.27
2017-06-30 148.84 0.00 115.67
2017-03-31 146.75 0.00 103.27
2016-12-31 141.37 0.00 100.50
2016-09-30 155.53 0.00 107.97
2016-06-30 157.39 0.00 108.34
2016-03-31 181.49 0.00 84.33
2015-12-31 184.95 0.00 78.71
2015-09-30 186.64 0.00 83.02
2015-06-30 191.85 0.00 93.40
2015-03-31 192.66 0.00 84.85
2014-12-31 187.47 0.00 88.13
2014-09-30 182.74 0.00 85.34
2014-06-30 176.74 0.00 86.93
2014-03-31 176.54 0.00 74.23
2013-12-31 170.20 0.00 47.50
2013-09-30 161.66 0.00 60.43
2013-06-30 166.67 0.00 52.44
2013-03-31 166.35 0.00 36.39
2012-12-31 165.40 0.00 44.72
  • Echelon Financial Holdings has no debt.
  • Echelon Financial Holdings has not taken on any debt in the past 5 years.
  • Echelon Financial Holdings has no debt, it does not need to be covered by operating cash flow.
  • Echelon Financial Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Echelon Financial Holdings'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. Echelon Financial Holdings has a total score of 6/6, 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.

EFH Dividends

 What is Echelon Financial Holdings'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 Echelon Financial Holdings dividends.
If you bought CA$2,000 of Echelon Financial Holdings 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 Echelon Financial Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Echelon Financial Holdings'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:EFH 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 1 Analyst Estimates (S&P Global) See Below
Canada Insurance Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

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

TSX:EFH Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2019-10-14
TSX:EFH Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-02-15 0.000 0.000
2017-11-03 0.000 0.000
2017-08-09 0.000 0.000
2017-05-03 0.000 0.000
2017-02-16 0.000 0.000
2016-11-02 0.000 0.000
2016-05-03 0.000 0.000
2016-02-17 0.480 3.546
2015-02-17 0.440 3.033
2014-11-06 0.440 3.331
2014-08-08 0.400 3.183
2014-05-09 0.400 2.998
2014-02-20 0.400 3.034
2013-12-03 0.400 2.849
2011-03-08 0.000 0.000
2011-02-25 0.000 0.000
2010-11-09 0.000 0.000
2010-08-09 0.000 0.000
2010-05-07 0.000 0.000
2010-03-18 0.000 0.000
2010-02-22 0.000 0.000
2009-11-09 0.000 0.000
2009-08-10 0.000 0.000
2009-02-23 0.280 3.454
2008-11-05 0.240 3.460

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

  • Unable to perform a dividend volatility check as Echelon Financial Holdings has not reported any payouts.
  • Unable to verify if Echelon Financial Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Echelon Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Echelon Financial Holdings 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 Echelon Financial Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Echelon Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Echelon Financial Holdings 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.

EFH Management

 What is the CEO of Echelon Financial Holdings'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
Serge Lavoie
COMPENSATION CA$984,451
TENURE AS CEO 3.4 years
CEO Bio

Mr. Serge Lavoie has been Chief Executive Officer and President of Echelon Financial Holdings Inc., since May 5, 2016. He serves as the Quebec President at GDI Integrated Facility Services at EGI Financial Holdings Inc. Mr. Lavoie has immense experience in Human Resources management and Client Relation management. Mr. Lavoie serves as an Executive Vice-President of Business Development at GDI Integrated Facility Services Inc. and has been its President of Quebec Region since 2012. He served as the Chief Executive Officer and President of Jevco at The Westaim Corporation. He served as the Chief Executive Officer and President at JEVCO Insurance Company since October 2007 until 2012. Mr. Lavoie served as the Chief Executive Officer and President of Canada Business at Kingsway Financial Services Inc. since April 2009 until March 29, 2010. He served with Kingsway Financial Services for almost 12 years. He served as the President and Secretary of Canadian Claims Manager Association. He has been a Director of JEVCO since 2006. He serves on the Board of Groupement des assureurs automobiles (GAA). He has been a Director of Echelon Financial Holdings Inc., since May 2015. He is active in the Quebec chapter of the Canadian Claims Manager Association. He has been a Director of JEVCO Insurance Company since 2006. Mr. Lavoie holds a Bachelor of Commerce degree from the Quebec University of Montreal.

CEO Compensation
  • Serge's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Serge's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Echelon Financial Holdings management team in years:

2.1
Average Tenure
  • The tenure for the Echelon Financial Holdings management team is about average.
Management Team

Serge Lavoie

TITLE
President
COMPENSATION
CA$984K
TENURE
3.4 yrs

Ken Coulson

TITLE
VP, Secretary & General Counsel
COMPENSATION
CA$451K

Eric Millaire-Morin

TITLE
VP & Chief Actuary
COMPENSATION
CA$352K
TENURE
2.1 yrs

Teddy Chien

TITLE
CFO & Secretary

Kathy Shulman

TITLE
Manager of Investor Relations

Ingrid Wilson

TITLE
Vice President of Human Resources
COMPENSATION
CA$274K

Matthew Turack

TITLE
Group President of Insurance
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Echelon Financial Holdings board of directors in years:

2.9
Average Tenure
  • The average tenure for the Echelon Financial Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Murray Wallace

TITLE
Chairman of the Board
COMPENSATION
CA$120K
TENURE
2.4 yrs

Serge Lavoie

TITLE
President
COMPENSATION
CA$984K
TENURE
4.4 yrs

Andrew Pastor

TITLE
Director
COMPENSATION
CA$100K
TENURE
3.4 yrs

James Falle

TITLE
Director
COMPENSATION
CA$110K
TENURE
2.4 yrs

James Reeve

TITLE
Director
COMPENSATION
CA$90K
AGE
62
TENURE
3.8 yrs

J. Lee Matheson

TITLE
Director
COMPENSATION
CA$90K
AGE
38
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
12. Aug 19 Sell Ewing Morris & Co. Investment Partners Company 09. Aug 19 09. Aug 19 -53,700 CA$6.00 CA$-322,238
14. Jun 19 Sell Sharon Ranson Individual 12. Jun 19 12. Jun 19 -5,000 CA$13.86 CA$-69,300
10. Jun 19 Sell Sharon Ranson Individual 05. Jun 19 06. Jun 19 -9,213 CA$13.97 CA$-127,391
31. Mar 19 Sell Kenneth Coulson Individual 29. Mar 19 29. Mar 19 -4,500 CA$13.80 CA$-62,100
X
Management checks
We assess Echelon Financial Holdings'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. Echelon Financial Holdings 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.

EFH News

Simply Wall St News

What Kind Of Shareholder Appears On The Echelon Financial Holdings Inc.'s (TSE:EFH) Shareholder Register?

See our latest analysis for Echelon Financial Holdings TSX:EFH Ownership Summary, August 13th 2019 What Does The Institutional Ownership Tell Us About Echelon Financial Holdings? … Echelon Financial Holdings already has institutions on the share registry. … Insider Ownership Of Echelon Financial Holdings The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Echelon Financial Holdings (TSE:EFH) Shares Have Generated A Total Return Of 13% In The Last Five Years

We've already covered Echelon Financial Holdings's share price action, but we should also mention its total shareholder return (TSR). … Echelon Financial Holdings's TSR of 13% for the 5 years exceeded its share price return, because it has paid dividends. … A Different Perspective We're pleased to report that Echelon Financial Holdings shareholders have received a total shareholder return of 24% over one year.

Simply Wall St -

What Kind Of Shareholder Owns Most Echelon Financial Holdings Inc. (TSE:EFH) Stock?

Echelon Financial Holdings is not a large company by global standards. … See our latest analysis for Echelon Financial Holdings TSX:EFH Ownership Summary, May 14th 2019 What Does The Institutional Ownership Tell Us About Echelon Financial Holdings? … Insider Ownership Of Echelon Financial Holdings The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Need To Know: Echelon Financial Holdings Inc. (TSE:EFH) Insiders Have Been Selling Shares

So we'll take a look at whether insiders have been buying or selling shares in Echelon Financial Holdings Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Echelon Financial Holdings

Simply Wall St -

What Is Echelon Financial Holdings Inc.'s (TSE:EFH) Share Price Doing?

Echelon Financial Holdings Inc. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s examine Echelon Financial Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Does The Echelon Financial Holdings Inc (TSE:EFH) Share Price Fall With The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Should Echelon Financial Holdings Inc (TSE:EFH) Focus On Improving This Fundamental Metric?

To keep the lesson grounded in practicality, we'll use ROE to better understand Echelon Financial Holdings Inc (TSE:EFH). … Over the last twelve months Echelon Financial Holdings has recorded a ROE of 3.6%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Echelon Financial Holdings Inc's (TSE:EFH) CEO Salary Reflect Performance?

Serge Lavoie took the helm as Echelon Financial Holdings Inc's (TSE:EFH) CEO and grew market cap to CA$152.6m recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

Simply Wall St -

Who Owns Echelon Financial Holdings Inc (TSE:EFH)?

I am going to take a deep dive into Echelon Financial Holdings Inc’s (TSE:EFH) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine EFH's ownership structure in more detail.

Simply Wall St -

How Echelon Financial Holdings Inc's (TSE:EFH) Earnings Growth Stacks Up Against The Industry

Assessing Echelon Financial Holdings Inc's (TSE:EFH) past track record of performance is a valuable exercise for investors. … Today I will assess EFH's recent performance announced on 31 March 2018 and evaluate these figures to its longer term trend and industry movements. … Commentary On EFH's Past Performance

Simply Wall St -

EFH Company Info

Description

Echelon Financial Holdings Inc., through its subsidiaries, provides property and casualty insurance products and services in Canada. It operates in two segments, Personal Lines and Commercial Lines. The Personal Lines segment primarily underwrites specialty auto, non-standard automobile insurance; and insurance for motorcycles, antique and classic vehicles, trailers, motor-homes, recreational vehicles, and personal property. The Commercial Lines segment designs and underwrites specialized insurance programs, such as commercial property, commercial automobile, long-haul trucking, surety, liability, creditor insurance, and extended warranty. The company distributes its insurance products through its broker and agent partners. The company was formerly known as EGI Financial Holdings Inc. and changed its name to Echelon Financial Holdings Inc. in May 2015. Echelon Financial Holdings Inc. was incorporated in 1997 and is headquartered in Mississauga, Canada.

Details
Name: Echelon Financial Holdings Inc.
EFH
Exchange: TSX
Founded: 1997
CA$75,343,085
11,978,233
Website: http://www.efh.ca
Address: Echelon Financial Holdings Inc.
2680 Matheson Blvd East,
Suite 300,
Mississauga,
Ontario, L4W 0A5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX EFH Common Shares The Toronto Stock Exchange CA CAD 08. Dec 2005
OTCPK EGFH.F Common Shares Pink Sheets LLC US USD 08. Dec 2005
Number of employees
Current staff
Staff numbers
255
Echelon Financial Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/14 01:58
End of day share price update: 2019/10/10 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.