Element Fleet Management (EFN) Stock Price, News & Analysis

Company Overview

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing. It provides commercial fleet financing comprising operating and capital lease, sale and leaseback funding, loans, rental fleet financing, client owned acquisition program, and fair market value lease for fleet cars, trucks, and equipment; and vehicle licensing and registration services, such as renewal, fleet title management, and insurance card management services. In addition, the company provides collision management services, such as 24/7 driver assistance, collision evaluation, repair management, and subrogation; fleet management outsourcing solutions; fuel, maintenance, and safety solutions; telematics and fleet connectivity solutions; and toll and violation management, as well as fleet remarketing, sale leaseback, and strategic fleet management consulting services. It serves construction, energy, oil and gas, food and beverages, healthcare, services, and transport sectors. Element Fleet Management Corp. was incorporated in 2007 and is based in Toronto, Canada.

Key Stats

• Today's Range: C$29.34 to C$29.65
• 50-Day Range: C$25.08 to C$29.74
• 52-Week Range: C$18.50 to C$30.04
• Volume: 469,514 shs
• Average Volume: 543,652 shs
• Market Capitalization: C$11.93 billion
• P/E Ratio: 23.45
• Dividend Yield: 1.62%
• Price Target: C$31.88
• Consensus Rating: Moderate Buy

Element Fleet Management Stock Analysis - MarketRank™

Element Fleet Management scored higher than 54% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Element Fleet Management has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 7 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Element Fleet Management has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Element Fleet Management is 23.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Element Fleet Management is 23.45, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 486.88.

Price to Earnings Growth Ratio

Element Fleet Management has a PEG Ratio of 2.97. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Element Fleet Management has a P/B Ratio of 4.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for EFN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Element Fleet Management pays a meaningful dividend of 1.67%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Element Fleet Management does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Element Fleet Management is 38.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for EFN.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.55

News Sentiment

Element Fleet Management has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Element Fleet Management this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for EFN on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Element Fleet Management to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Element Fleet Management insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$498,074.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 0.26% of the stock of Element Fleet Management is held by insiders.

Percentage Held by Institutions

51.17% of the stock of Element Fleet Management is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EFN Stock Analysis - Frequently Asked Questions

How have EFN shares performed this year?

Element Fleet Management's stock was trading at C$21.56 at the beginning of 2024. Since then, EFN shares have increased by 37.1% and is now trading at C$29.55.
View the best growth stocks for 2024 here.

How were Element Fleet Management's earnings last quarter?

Element Fleet Management Corp. (TSE:EFN) posted its quarterly earnings data on Tuesday, August, 13th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The financial services provider earned $375.68 million during the quarter, compared to the consensus estimate of $368.46 million. Element Fleet Management had a net margin of 23.41% and a trailing twelve-month return on equity of 12.58%.

How do I buy shares of Element Fleet Management?

Shares of EFN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Element Fleet Management own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Element Fleet Management investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), ECN Capital (ECN), Algonquin Power & Utilities (AQN), Royal Bank of Canada (RY), BCE (BCE) and Manulife Financial (MFC).

Company Calendar

• Last Earnings: 8/13/2024
• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 11/03/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Industrials
• Industry: Rental & Leasing Services
• Sub-Industry: N/A
• Current Symbol: TSE:EFN
• CUSIP: N/A
• CIK: N/A
• Web: www.elementfleet.com
• Phone: 416-386-1067
• Fax: N/A
• Employees: 2,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$31.88
• High Stock Price Target: C$37.00
• Low Stock Price Target: C$28.00
• Potential Upside/Downside: +7.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.89
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.26
• Trailing P/E Ratio: 23.45
• Forward P/E Ratio: 17.52
• P/E Growth: 2.97
• Net Income: C$354.75 million
• Net Margins: 23.41%
• Pretax Margin: N/A
• Return on Equity: 12.58%
• Return on Assets: 2.97%

Debt

• Debt-to-Equity Ratio: 303.14
• Current Ratio: 8.22
• Quick Ratio: 5.70

Sales & Book Value

• Annual Sales: C$1.58 billion
• Price / Sales: 7.55
• Cash Flow: C$0.74 per share
• Price / Cash Flow: 40.04
• Book Value: C$6.98 per share
• Price / Book: 4.23

Miscellaneous

• Outstanding Shares: 403,610,000
• Free Float: N/A
• Market Cap: C$11.93 billion
• Optionable: Not Optionable
• Beta: 0.91