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Finning International

DB:CIH
Snowflake Description

Established dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIH
DB
CA$4B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Finning International Inc. engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. The last earnings update was 8 days ago. More info.


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CIH Share Price and Events
7 Day Returns
-3.4%
DB:CIH
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
-10.3%
DB:CIH
6.9%
DE Trade Distributors
9%
DE Market
CIH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Finning International (CIH) -3.4% 10.5% 10.2% -10.3% -4.3% -12.7%
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • CIH underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • CIH underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
CIH
Industry
5yr Volatility vs Market

CIH Value

 Is Finning International 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 Finning International 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 Finning International.

DB:CIH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:CIH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 26.5%) (56.95%))
1.234
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.234 * 5.96%)
7.58%

Discounted Cash Flow Calculation for DB:CIH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Finning International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CIH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.58%)
2020 380.66 Analyst x5 353.84
2021 382.33 Analyst x3 330.35
2022 285.00 Analyst x1 228.90
2023 257.86 Est @ -9.52% 192.51
2024 240.85 Est @ -6.6% 167.14
2025 229.89 Est @ -4.55% 148.29
2026 222.73 Est @ -3.12% 133.55
2027 218.02 Est @ -2.11% 121.52
2028 214.95 Est @ -1.41% 111.36
2029 212.97 Est @ -0.92% 102.56
Present value of next 10 years cash flows CA$1,890.00
DB:CIH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$212.97 × (1 + 0.23%) ÷ (7.58% – 0.23%)
CA$2,903.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,903.23 ÷ (1 + 7.58%)10
CA$1,398.14
DB:CIH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1,890.00 + CA$1,398.14
CA$3,288.14
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$3,288.14 / 163.31
CA$20.13
DB:CIH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CIH represents 0.68292x of TSX:FTT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.68292x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 20.13 x 0.68292
€13.75
Value per share (EUR) From above. €13.75
Current discount Discount to share price of €16.80
= -1 x (€16.80 - €13.75) / €13.75
-22.2%

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

  • The current share price of Finning International 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 Finning International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Finning International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CIH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$1.50
TSX:FTT Share Price ** TSX (2019-11-13) in CAD CA$24.6
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Finning International.

DB:CIH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 24.6 ÷ 1.50

16.37x

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

  • Finning International is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • Finning International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Finning International's expected growth come at a high price?
Raw Data
DB:CIH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
13.7%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:CIH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.37x ÷ 13.7%

1.19x

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

  • Finning International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Finning International's assets?
Raw Data
DB:CIH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$12.87
TSX:FTT Share Price * TSX (2019-11-13) in CAD CA$24.6
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:CIH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 24.6 ÷ 12.87

1.91x

* Primary Listing of Finning International.

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

  • Finning International is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Finning International'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Finning International 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.

CIH Future Performance

 How is Finning International expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Finning International expected to grow at an attractive rate?
  • Finning International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Finning International's earnings growth is expected to exceed the Germany market average.
  • Finning International's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CIH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CIH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 13.7%
DB:CIH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.1%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:CIH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CIH Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 7,741 1
2021-12-31 7,602 631 350 4
2020-12-31 7,441 612 334 9
2019-12-31 7,393 278 278 9
2019-11-13
DB:CIH Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 7,748 243 247
2019-06-30 7,544 33 196
2019-03-31 7,136 178 189
2018-12-31 6,996 260 232
2018-09-30 6,887 168 241
2018-06-30 6,670 229 266
2018-03-31 6,525 99 240
2017-12-31 6,256 283 216
2017-09-30 6,014 16 161
2017-06-30 5,809 138 147
2017-03-31 5,535 325 97
2016-12-31 5,628 440 65

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Finning International's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Finning International's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
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
DB:CIH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Finning International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CIH Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 2.15 2.23 2.07 2.00
2020-12-31 2.04 2.12 1.99 3.00
2019-12-31 1.64 1.73 1.54 2.00
2019-11-13
DB:CIH Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 1.50
2019-06-30 1.18
2019-03-31 1.13
2018-12-31 1.38
2018-09-30 1.43
2018-06-30 1.58
2018-03-31 1.43
2017-12-31 1.28
2017-09-30 0.96
2017-06-30 0.87
2017-03-31 0.58
2016-12-31 0.39

*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.
  • Finning International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Finning International'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Finning International has a total score of 2/6, 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.

CIH Past Performance

  How has Finning International 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 Finning International's growth in the last year to its industry (Trade Distributors).
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.
  • Finning International's year on year earnings growth rate has been positive over the past 5 years.
  • Finning International's 1-year earnings growth is less than its 5-year average (2.5% vs 7.6%)
  • Finning International's earnings growth has not exceeded the DE Trade Distributors industry average in the past year (2.5% vs 8.4%).
Earnings and Revenue History
Finning International'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 Finning International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CIH Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 7,748.00 247.00 1,343.00
2019-06-30 7,544.00 196.00 1,344.00
2019-03-31 7,136.00 189.00 1,340.00
2018-12-31 6,996.00 232.00 1,332.00
2018-09-30 6,887.00 241.00 1,336.00
2018-06-30 6,670.00 266.00 1,313.00
2018-03-31 6,525.00 240.00 1,299.00
2017-12-31 6,256.00 216.00 1,271.00
2017-09-30 6,014.00 161.00 1,255.00
2017-06-30 5,809.00 147.00 1,231.00
2017-03-31 5,535.00 97.00 1,203.00
2016-12-31 5,628.00 65.00 1,216.00
2016-09-30 5,674.00 -253.00 1,243.00
2016-06-30 5,858.00 -256.00 1,286.00
2016-03-31 6,228.00 -199.00 1,310.00
2015-12-31 6,275.00 -161.00 1,312.00
2015-09-30 6,541.40 254.88 1,368.57
2015-06-30 6,694.85 278.67 1,421.03
2015-03-31 6,782.78 303.09 1,478.60
2014-12-31 6,918.00 318.00 1,544.00
2014-09-30 6,910.39 304.05 1,555.32
2014-06-30 7,020.07 333.49 1,556.00
2014-03-31 6,872.29 329.77 1,564.53
2013-12-31 6,755.99 335.26 1,560.32
2013-09-30 6,705.87 344.94 1,542.11
2013-06-30 6,519.43 339.93 1,532.04
2013-03-31 6,663.72 335.85 1,531.26
2012-12-31 6,575.62 326.77 1,496.79

*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.
  • Finning International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Finning International used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Finning International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Finning International'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 Trade Distributors 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.
Finning International 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.

CIH Health

 How is Finning International'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 Finning International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Finning International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Finning International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Finning International'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x 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 Finning International Company Filings, last reported 1 month ago.

DB:CIH Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,102.00 2,057.00 252.00
2019-06-30 2,052.00 2,072.00 160.00
2019-03-31 2,044.00 1,999.00 290.00
2018-12-31 2,109.00 1,508.00 454.00
2018-09-30 2,114.00 1,538.00 221.00
2018-06-30 2,119.00 1,543.00 300.00
2018-03-31 2,060.00 1,491.00 325.00
2017-12-31 1,974.00 1,314.00 458.00
2017-09-30 1,926.00 1,673.00 516.00
2017-06-30 1,937.00 1,568.00 411.00
2017-03-31 1,918.00 1,497.00 489.00
2016-12-31 1,901.00 1,489.00 593.00
2016-09-30 1,895.00 1,482.00 460.00
2016-06-30 1,890.00 1,535.00 384.00
2016-03-31 1,942.00 1,568.00 425.00
2015-12-31 2,050.00 1,665.00 498.00
2015-09-30 2,329.53 1,724.71 252.68
2015-06-30 2,283.91 1,496.44 244.47
2015-03-31 2,265.61 1,487.26 211.43
2014-12-31 2,131.00 1,425.00 450.00
2014-09-30 2,024.98 1,529.72 214.52
2014-06-30 1,969.70 1,554.60 185.05
2014-03-31 1,951.04 1,678.71 210.44
2013-12-31 1,857.76 1,468.25 176.27
2013-09-30 1,746.00 1,695.41 83.14
2013-06-30 1,701.02 1,876.05 115.04
2013-03-31 1,623.18 1,823.33 123.27
2012-12-31 1,566.55 1,693.31 114.92
  • Finning International's level of debt (97.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74.6% vs 97.6% today).
  • Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Finning International'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. Finning International has a total score of 3/6, 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.

CIH Dividends

 What is Finning International'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
3.33%
Current annual income from Finning International dividends. Estimated to be 3.36% next year.
If you bought €2,000 of Finning International shares you are expected to receive €67 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?
  • Finning International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Finning International's dividend is below the markets top 25% of dividend payers in Germany (3.64%).
Upcoming dividend payment

Purchase Finning International before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:CIH 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 9 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:CIH Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.82 1.00
2020-12-31 0.83 4.00
2019-12-31 0.82 4.00
2019-11-13
DB:CIH Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-08-07 0.820 3.613
2019-05-08 0.820 3.582
2019-02-21 0.800 3.342
2018-11-05 0.800 3.155
2018-05-10 0.800 2.515
2017-11-07 0.760 2.363
2017-08-09 0.760 2.641
2017-05-10 0.730 2.837
2016-11-03 0.730 2.838
2016-08-03 0.730 3.045
2016-05-06 0.730 3.366
2016-05-05 0.730 3.429
2016-05-04 0.730 3.421
2016-02-18 0.730 3.694
2015-08-06 0.730 3.735
2015-05-06 0.730 3.052
2014-11-13 0.710 2.957
2014-08-08 0.710 2.297
2014-05-13 0.710 2.346
2014-02-19 0.610 2.045
2013-11-14 0.610 2.316
2013-08-08 0.610 2.675
2013-05-08 0.610 2.706
2012-11-08 0.560 2.306
2012-08-08 0.560 2.324
2012-05-08 0.560 2.381
2012-02-16 0.520 1.859
2011-11-08 0.520 2.180
2011-08-12 0.520 2.348
2011-05-11 0.520 1.858
2011-02-16 0.480 1.744
2010-11-10 0.480 1.777
2010-08-11 0.480 2.104
2010-05-13 0.480 2.607
2010-02-23 0.440 2.399
2009-11-10 0.440 2.628
2009-08-12 0.440 2.687
2009-05-19 0.440 2.655
2009-02-18 0.440 3.490

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Finning International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess Finning International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Finning International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Finning International has a total score of 5/6, see the detailed checks below.


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

CIH Management

 What is the CEO of Finning International'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
L. Thomson
COMPENSATION CA$5,918,689
AGE 49
TENURE AS CEO 6.4 years
CEO Bio

Mr. L. Scott Thomson has been the Chief Executive Officer and President of Finning International Inc., since June 17, 2013. Prior to joining Finning in 2013, Mr. Thomson served as the Chief Financial Officer and Executive Vice President of Finance at Talisman Energy Inc. (alternate name, Repsol Oil & Gas Canada Inc.) from July 2, 2008 to May 20, 2013. He served as an Executive Vice President of Corporate Development and Planning for both BCE Inc. and Bell Canada Inc. He served as Vice President of Corporate Strategy and Mergers and Acquisitions at Bell Canada Enterprises from 2003 to 2008. He served as Vice President at Goldman, Sachs & Co., focused on M&A in New York and Toronto. From 1998 to 2002, he worked in investment banking at Goldman Sachs & Co. Prior to that, he worked at RBC Capital Markets in the Corporate Finance Department. He has been Non Independent Director at Finning International Inc., since June 2013. He has been a Director of The Bank of Nova Scotia, Scotiabank Tier 1 Trust and Scotiabank Capital Trust since April 12, 2016. He served as a Member of Advisory Board at Berkeley Payment Solutions Inc. He served as a Director of Ligado Networks, LLC since March 2005. He served as an Independent Director of Interfor Corporation since October 2012 until April 28, 2016. He served as a Director at Apptix ASA from September 2004 to May 2005. He served as a Director of LightSquared Inc. (alternate name SkyTerra Communications, Inc.) since March 2005. Mr. Thomson graduated with a Bachelor of Arts in Economics and Political Science from Queen's University, Kingston and an MBA from the University of Chicago, Graduate School of Business.

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

Average tenure and age of the Finning International management team in years:

4.7
Average Tenure
54.5
Average Age
  • The tenure for the Finning International management team is about average.
Management Team

L. Thomson

TITLE
CEO, President & Non-Independent Director
COMPENSATION
CA$6M
AGE
49
TENURE
6.4 yrs

Steve Nielsen

TITLE
Executive VP & CFO
COMPENSATION
CA$2M
AGE
64
TENURE
4.7 yrs

Marcello Marchese

TITLE
President of Finning South America
COMPENSATION
CA$2M
AGE
53
TENURE
7.4 yrs

Dave Cummings

TITLE
Executive VP & Chief Digital Officer
COMPENSATION
CA$1M
TENURE
0.8 yrs

Amanda Hobson

TITLE
Senior Vice President of Investor Relations & Treasury
TENURE
0.3 yrs

H. Murdoch

TITLE
General Counsel & Corporate Secretary
TENURE
3.6 yrs

Elisha McCallum

TITLE
Director of Global Communications

Chad Hiley

TITLE
Chief Human Resources Officer
TENURE
3.8 yrs

Dave Primrose

TITLE
Managing Director of Finning UK & Ireland
TENURE
10.6 yrs

John Pollesel

TITLE
Senior Vice President of Mining - Finning Canada
AGE
56
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Finning International board of directors in years:

5.5
Average Tenure
65.5
Average Age
  • The tenure for the Finning International board of directors is about average.
Board of Directors

Hal Kvisle

TITLE
Independent Chairman
COMPENSATION
CA$208K
AGE
66
TENURE
0.8 yrs

L. Thomson

TITLE
CEO, President & Non-Independent Director
COMPENSATION
CA$6M
AGE
49
TENURE
6.4 yrs

Jim Carter

TITLE
Independent Director
COMPENSATION
CA$228K
AGE
69
TENURE
12.2 yrs

Nicky Hartery

TITLE
Independent Director
COMPENSATION
CA$226K
AGE
67
TENURE
5.5 yrs

Jacynthe Côté

TITLE
Independent Director
COMPENSATION
CA$217K
AGE
60
TENURE
5.1 yrs

Stu Levenick

TITLE
Independent Director
COMPENSATION
CA$231K
AGE
66
TENURE
3.7 yrs

Kathleen O'Neill

TITLE
Independent Director
COMPENSATION
CA$208K
AGE
65
TENURE
12.8 yrs

Chris Patterson

TITLE
Independent Director
COMPENSATION
CA$205K
AGE
65
TENURE
9.1 yrs

Marcelo Awad

TITLE
Independent Director
COMPENSATION
CA$206K
AGE
66
TENURE
5.5 yrs

Vicki Avril

TITLE
Independent Director
COMPENSATION
CA$203K
AGE
65
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Finning International individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Aug 19 Buy Greg Palaschuk Individual 15. Aug 19 15. Aug 19 2,565 €14.72 €37,748
08. Aug 19 Buy Christopher Patterson Individual 08. Aug 19 08. Aug 19 1,000 €15.68 €15,679
03. Jun 19 Buy David F. Primrose Individual 31. May 19 31. May 19 1,000 €14.27 €14,270
15. May 19 Sell Cornelis Breukels Individual 14. May 19 14. May 19 -3,484 €15.02 €-52,317
10. May 19 Buy Greg Palaschuk Individual 10. May 19 10. May 19 2,240 €15.11 €33,841
10. May 19 Buy Vicki Avril Individual 10. May 19 10. May 19 5,000 €15.28 €76,399
06. Mar 19 Sell Jeff Erdman Individual 06. Mar 19 06. Mar 19 -2,000 €16.03 €-32,053
11. Feb 19 Buy David Cummings Individual 14. Dec 18 14. Dec 18 16,600 €15.95 €264,764
28. Dec 18 Buy Harold Kvisle Individual 27. Dec 18 27. Dec 18 2,400 €14.55 €34,914
13. Dec 18 Buy Harold Kvisle Individual 13. Dec 18 13. Dec 18 5,000 €15.85 €79,262
X
Management checks
We assess Finning International'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. Finning International 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.

CIH News

Simply Wall St News

CIH Company Info

Description

Finning International Inc. engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. It serves various industries, including mining, construction, agriculture, governmental, paving, and forestry, as well as various power system applications. The company was formerly known as Finning Ltd. and changed its name to Finning International Inc. in April 1997. Finning International Inc. was founded in 1933 and is headquartered in Vancouver, Canada.

Details
Name: Finning International Inc.
CIH
Exchange: DB
Founded: 1933
CA$2,756,648,764
163,310,300
Website: http://www.finning.com
Address: Finning International Inc.
565 Great Northern Way,
Suite 300,
Vancouver,
British Columbia, V5T 0H8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX FTT Common Shares The Toronto Stock Exchange CA CAD 22. May 1981
OTCPK FING.F Common Shares Pink Sheets LLC US USD 22. May 1981
DB CIH Common Shares Deutsche Boerse AG DE EUR 22. May 1981
LSE 0UVO Common Shares London Stock Exchange GB CAD 22. May 1981
Number of employees
Current staff
Staff numbers
13,146
Finning International employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 21:23
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/05
Last earnings reported: 2019/09/30
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.