This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. 3/30/26 Quarterly statements https://www.globenewswire.com/news-release/2026/02/04/3231941/36351/en/FirstService-Reports-Fourth-Quarter-and-Full-Year-Results.html
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ Q12026 in Newsroom
FirstService Corp TSX: FSV NASDAQ: FSV https://www.firstservice.com/ Fiscal Yr: Dec 31
Year 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 12/31/28 Value Description #Y Item Total G Currency
Accounting Rules US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP Accounting Rules 3rd Q Rep
USD - CDN$ 1.0636 1.1601 1.3847 1.3427 1.2545 1.3642 1.2988 1.2732 1.2678 1.3544 1.3226 1.4389 1.3706 1.3648 1.3648 1.3648 USD - CDN$ Globenews
Change 6.70% 9.07% 19.36% -3.04% -6.57% 8.74% -4.79% -1.97% -0.42% 6.83% -2.35% 8.79% -4.75% -0.42% 0.00% 0.00% wire
Statement Currency Statement Currency
$5,548.5 <-12 mths 0.93%
Revenue US$ $1,188 $1,375 $1,264 $1,483 $1,705 $1,931 $2,407 $2,772 $3,249 $3,746 $4,335 $5,217 $5,498 $5,837 $6,218 334.90% <-Total Growth 10 Revenue US$
Increase 1.65% 15.81% -8.09% 17.31% 15.01% 13.25% 24.64% 15.16% 17.19% 15.29% 15.72% 20.36% 5.38% 6.18% 6.53% 15.83% <-IRR #YR-> 10 Revenue 334.90% US$
5 year Running Average $1,070 $1,173 $1,224 $1,296 $1,403 $1,552 $1,758 $2,060 $2,413 $2,821 $3,302 $3,864 $4,409 $4,926 $5,421 14.67% <-IRR #YR-> 5 Revenue 98.29% US$
Revenue per Share $33.17 $38.41 $35.17 $41.37 $47.48 $53.68 $58.02 $63.61 $73.82 $84.70 $97.01 $115.24 $120.26 $127.69 $136.03 13.67% <-IRR #YR-> 10 5 yr Running Average 260.07% US$
Increase -14.62% 15.80% -8.43% 17.63% 14.77% 13.05% 8.07% 9.64% 16.06% 14.73% 14.54% 18.80% 4.36% 6.18% 6.53% 16.44% <-IRR #YR-> 5 5 yr Running Average 114.03% US$
5 year Running Average $34.40 $36.25 $36.65 $37.39 $39.12 $43.22 $47.15 $52.83 $59.32 $66.76 $75.43 $86.87 $98.21 $108.98 $119.25 13.08% <-IRR #YR-> 10 Revenue per Share 241.92% US$
P/S (Price/Sales) Med 0.54 0.63 0.93 1.04 1.26 1.42 1.50 1.60 2.29 1.81 1.49 1.47 1.49 1.24 0.00 13.59% <-IRR #YR-> 5 Revenue per Share 89.08% US$
P/S (Price/Sales) Close 0.66 0.67 1.15 1.15 1.47 1.28 1.60 2.15 2.66 1.45 1.67 1.57 1.29 1.21 1.14 10.36% <-IRR #YR-> 10 5 yr Running Average 167.97% US$
*Revenue in M US$  P/S Med 20 yr  0.98 15 yr  1.42 10 yr  1.49 5 yr  1.49 -18.61% Diff M/C 13.20% <-IRR #YR-> 5 5 yr Running Average 85.88% US$
$7,572.6 <-12 mths 0.50%
Revenue CDN* $1,263 $1,596 $1,750 $1,991 $2,139 $2,635 $3,127 $3,530 $4,119 $5,073 $5,733 $7,507 $7,535 $7,966 $8,486 330.46% <-Total Growth 10 Revenue CDN$
Increase 8.46% 26.32% 9.71% 13.75% 7.45% 23.16% 18.67% 12.89% 16.70% 23.16% 13.00% 30.94% 0.38% 5.73% 6.53% 15.72% <-IRR #YR-> 10 Revenue 330.46% CDN$
5 year Running Average $1,098 $1,236 $1,385 $1,553 $1,748 $2,022 $2,329 $2,684 $3,110 $3,697 $4,316 $5,192 $5,993 $6,763 $7,445 16.38% <-IRR #YR-> 5 Revenue 113.46% CDN$
Revenue per Share $35.28 $44.56 $48.71 $55.55 $59.57 $73.23 $75.35 $80.98 $93.59 $114.71 $128.30 $165.82 $164.83 $174.27 $185.65 15.78% <-IRR #YR-> 10 5 yr Running Average 332.77% CDN$
Increase -8.90% 26.30% 9.31% 14.05% 7.23% 22.94% 2.89% 7.47% 15.57% 22.57% 11.85% 29.24% -0.60% 5.73% 6.53% 17.43% <-IRR #YR-> 5 5 yr Running Average 123.27% CDN$
5 year Running Average $35.23 $38.02 $41.14 $44.56 $48.73 $56.32 $62.48 $68.94 $76.54 $87.57 $98.59 $116.68 $133.45 $149.59 $163.78 12.97% <-IRR #YR-> 10 Revenue per Share 238.43% CDN$
P/S (Price/Sales) Med 0.53 0.62 0.85 1.06 1.30 1.33 1.55 1.68 2.28 1.68 1.52 1.42 1.50 1.25 0.00 15.27% <-IRR #YR-> 5 Revenue per Share 103.54% CDN$
P/S (Price/Sales) Close 0.66 0.67 1.15 1.15 1.48 1.28 1.60 2.15 2.66 1.45 1.67 1.57 1.29 1.21 1.13 12.49% <-IRR #YR-> 10 5 yr Running Average 224.37% CDN$
*Revenue in M CDN$ (If a company cannot grow revenue, it cannot grow) P/S Med 20 yr  0.95 15 yr  1.33 10 yr  1.51 5 yr  1.52 -20.00% Diff M/C 14.12% <-IRR #YR-> 5 5 yr Running Average 93.59% CDN$
-$1,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7,535
-$3,529.8 $0.0 $0.0 $0.0 $0.0 $7,535
-$1,385 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,993
-$2,684.4 $0.0 $0.0 $0.0 $0.0 $5,993
-$48.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $164.83
-$80.98 $0.00 $0.00 $0.00 $0.00 $164.83
-$41.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $133.45
-$68.94 $0.00 $0.00 $0.00 $0.00 $133.45
Stopped using Adjusted EPS $1.55 <-12 mths 42.22%
Pre-split 15 $2.15
Adjusted EPS US$ $1.09 $2.55 $3.00 $3.32 -100.00% <-Total Growth 1 Earnings US$
Increase 32.72% 134.07% 17.65% 10.67% #NUM! <-IRR #YR-> 0 Earnings US$
Earnings Yield 5.0% 9.9% 7.4% 7.0% #NUM! <-IRR #YR-> 0 Earnings US$
5 year Running Average $0.87 $1.24 $1.68 $2.16 #NUM! <-IRR #YR-> -1 5 yr Running US$
P/E Med H/L 16.42 #NUM! <-IRR #YR-> -1 5 yr Running US$
P/E High 20.02 #NUM! <-Median-> 0 P/E High US$
P/E Low 12.81 #NUM! <-Median-> 0 P/E Low US$
P/E Close 20.02 #NUM! <-Median-> 0 P/E Close US$
Trailing P/E Close 13.14 #NUM! <-Median-> 0 P/E Close Tr US$
Payout Ratio 18.36% #NUM! <-Median-> 0 Payout Ratio US$
Median  5 Yrs 12.81 Net of Unusual Items
$1.09
$1.09
$0.87
$0.87
$5.72 <-12 mths -0.52%
Adjusted Net Earnings $226 $263
Pre-split 15 $2.13 $2.73
AEPS* Dilued $1.08 $1.38 $1.20 $1.62 $1.99 $2.61 $3.00 $3.46 $4.57 $4.24 $4.66 $5.00 $5.75 $6.18 $6.82 379.17% <-Total Growth 10 AEPS
Increase 31.48% 28.17% -13.25% 35.00% 22.84% 31.16% 14.94% 15.33% 32.08% -7.22% 9.91% 7.30% 15.00% 7.48% 10.36% 10 0 10 Years of Data, EPS P or N 100.00% US$
5 year Running Average $0.87 $1.00 $1.08 $1.22 $1.45 $1.76 $2.08 $2.54 $3.13 $3.58 $3.99 $4.39 $4.84 $5.17 $5.68 16.96% <-IRR #YR-> 10 AEPS 379.17% US$
AEPS Yield 4.95% 5.37% 2.97% 3.41% 2.85% 3.81% 3.22% 2.53% 2.33% 3.46% 2.87% 2.76% 3.70% 4.00% 4.41% 10.69% <-IRR #YR-> 5 AEPS 66.18% US$
Payout Ratio 0.00% 28.92% 33.33% 26.54% 23.99% 20.21% 19.50% 18.64% 15.59% 18.63% 18.83% 19.50% 18.70% 17.64% 17.89% 16.19% <-IRR #YR-> 10 5 yr Running Average 348.47% US$
5 year Running Average 0.00% 5.78% 12.45% 17.76% 22.56% 26.60% 24.72% 21.78% 19.59% 18.52% 18.24% 18.24% 18.25% 18.66% 18.51% 13.82% <-IRR #YR-> 5 5 yr Running Average 91.01% US$
Price/AEPS Median 16.57 17.53 27.28 26.45 30.12 29.12 28.91 29.32 36.93 36.09 30.95 33.89 31.16 25.57 0.00 30.54 <-Median-> 10 Price/AEPS Median US$
Price/AEPS High 20.21 20.84 35.16 32.43 36.31 33.61 35.80 41.68 44.22 45.58 35.42 39.41 36.25 26.72 0.00 36.28 <-Median-> 10 Price/AEPS High US$
Price/AEPS Low 12.93 14.21 19.40 20.48 23.94 24.63 22.03 16.97 29.63 26.59 26.47 28.37 26.06 24.43 0.00 25.35 <-Median-> 10 Price/AEPS Low US$
Price/AEPS Close 20.21 18.63 33.69 29.31 35.14 26.24 31.01 39.53 42.99 28.90 34.78 36.20 27.05 25.02 22.68 32.90 <-Median-> 10 Price/AEPS Close US$
Trailing P/AEPS Close 26.57 23.88 29.23 39.57 43.16 34.41 35.65 45.59 56.78 26.82 38.23 38.85 31.11 26.90 25.02 38.54 <-Median-> 10 Trailing P/AEPS Close US$
Median Values Historical   in order 24.48 32.43 17.41 26.24 P/AEPS 5 Yrs   in order 33.89 39.41 26.59 34.78 -26.16% Diff M/C DPR 75% to 95% best US$
* Adjusted Earnings per Share
-$1.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.75
-$3.46 $0.00 $0.00 $0.00 $0.00 $5.75
-$1.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.84
-$2.54 $0.00 $0.00 $0.00 $0.00 $4.84
$7.81 <-12 mths -0.94%
AEPS* Dilued $1.15 $1.60 $1.66 $2.18 $2.50 $3.56 $3.90 $4.41 $5.79 $5.74 $6.16 $7.19 $7.88 $8.43 $9.31 374.27% <-Total Growth 10 AEPS CDN$
Increase 40.29% 39.80% 3.55% 30.90% 14.77% 42.62% 9.43% 13.06% 31.52% -0.88% 7.33% 16.73% 9.54% 7.02% 10.36% 10 0 10 Years of Data, EPS P or N 100.00% CDN$
5 year Running Average $0.89 $1.06 $1.23 $1.48 $1.82 $2.30 $2.76 $3.31 $4.03 $4.68 $5.20 $5.86 $6.56 $7.08 $7.80 16.84% <-IRR #YR-> 10 AEPS 374.27% CDN$
AEPS Yield 4.95% 5.34% 2.97% 3.41% 2.84% 3.80% 3.22% 2.53% 2.33% 3.46% 2.87% 2.76% 3.69% 4.00% 4.42% 12.34% <-IRR #YR-> 5 AEPS 78.90% CDN$
Payout Ratio 0.00% 28.92% 33.33% 26.54% 23.99% 20.21% 19.50% 18.64% 15.59% 18.63% 18.83% 19.50% 18.70% 17.64% 17.89% 18.18% <-IRR #YR-> 10 5 yr Running Average 431.26% CDN$
5 year Running Average 0.00% 5.78% 12.45% 17.76% 22.56% 26.60% 24.72% 21.78% 19.59% 18.52% 18.24% 18.24% 18.25% 18.66% 18.51% 14.67% <-IRR #YR-> 5 5 yr Running Average 98.23% CDN$
Price/AEPS Median 16.18 17.24 24.81 27.11 31.06 27.29 29.92 30.97 36.91 33.64 31.66 32.63 31.38 25.74 0.00 31.22 <-Median-> 10 Price/AEPS Median CDN$
Price/AEPS High 20.21 20.43 34.88 31.75 36.73 32.17 36.46 42.68 43.90 41.89 36.03 38.26 36.57 26.89 0.00 36.65 <-Median-> 10 Price/AEPS High CDN$
Price/AEPS Low 12.15 14.05 14.74 22.48 25.38 22.40 23.39 19.25 29.91 25.39 27.30 27.01 26.20 24.59 0.00 25.38 <-Median-> 10 Price/AEPS Low CDN$
Price/AEPS Close 20.19 18.72 33.64 29.30 35.22 26.31 31.03 39.55 42.91 28.87 34.83 36.19 27.08 24.97 22.63 32.93 <-Median-> 10 Price/AEPS Close CDN$
Trailing P/AEPS Close 28.33 26.17 34.83 38.36 40.42 37.53 33.95 44.71 56.43 28.62 37.38 42.25 29.67 26.73 24.97 37.94 <-Median-> 10 Trailing P/AEPS Close CDN$
Median Values Historical   in order 27.11 32.17 19.25 27.08 P/AEPS 5 Yrs   in order 32.63 38.26 27.01 34.83 -23.48% Diff M/C DPR 75% to 95% best
* Adjusted Earnings per Share
-$1.66 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.88
-$4.41 $0.00 $0.00 $0.00 $0.00 $7.88
-$1.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.56
-$3.31 $0.00 $0.00 $0.00 $0.00 $6.56
$3.13 <-12 mths -1.26%
Statements $0.09 $0.36
Percentage of Old FSV Stock -14.06% 30.25%
$8.14
Pre-split 15 -$0.64 $1.20
EPS Basic US$ -$0.32 $0.61 $0.59 $0.93 $1.48 $1.83 -$6.58 $2.04 $3.08 $2.74 $2.25 $2.98 $3.19 440.68% <-Total Growth 10 EPS Basic US$
Pre-Split '05
Pre-split 15 -$0.64 $1.19
EPS Diluted US$ -$0.32 $0.60 $0.59 $0.92 $1.45 $1.80 -$6.58 $2.02 $3.05 $2.72 $2.24 $2.97 $3.17 $3.79 $4.46 437.29% <-Total Growth 10 EPS Diluted US$
Increase -433.33% 285.94% -2.15% 55.93% 57.61% 24.14% -465.56% 130.70% 50.99% -10.82% -17.65% 32.59% 6.73% 19.53% 17.58% 9 1 10 Years of Data, EPS P or N 90.00%
Earnings Yield -1.5% 2.3% 1.5% 1.9% 2.1% 2.6% -7.1% 1.5% 1.6% 2.2% 1.4% 1.6% 2.0% 2.5% 2.9% 18.31% <-IRR #YR-> 10 Earnings per Share 437.29% US$
5 year Running Average -$0.05 $0.26 $0.37 $0.35 $0.65 $1.07 -$0.36 -$0.08 $0.35 $0.60 $0.69 $2.60 $2.83 $2.98 $3.32 9.43% <-IRR #YR-> 5 Earnings per Share 56.93% US$
10 year Running Average $0.29 $0.32 $0.26 $0.30 $0.40 $0.51 -$0.05 $0.14 $0.35 $0.62 $0.88 $1.12 $1.38 $1.66 $1.96 22.65% <-IRR #YR-> 10 5 yr Running Average 670.49% US$
* ESP per share (US, Diluted) E/P 10 Yrs 1.79% 5Yrs 1.64% #NUM! <-IRR #YR-> 5 5 yr Running Average 3728.21% US$
-$0.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.17
-$2.02 $0.00 $0.00 $0.00 $0.00 $3.17
-$0.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.83
$0.08 $0.00 $0.00 $0.00 $0.00 $2.83
$4.27 <-12 mths -2.30%
Pre-split 15
EPS Basic CDN$ -$0.34 $0.71 $0.82 $1.25 $1.86 $2.50 -$8.55 $2.60 $3.90 $3.71 $2.98 $4.29 $4.37 435.16% <-Total Growth 10 EPS Basic CDN$
Pre-Split '05 CDN$
Pre-split 15
EPS Diluted CDN$ -$0.34 $0.70 $0.82 $1.24 $1.82 $2.46 -$8.55 $2.57 $3.87 $3.68 $2.96 $4.27 $4.34 $5.17 $6.08 431.80% <-Total Growth 10 EPS Diluted CDN$
Increase 469.06% -302.81% 16.80% 51.20% 47.26% 34.99% -448.03% -130.09% 50.35% -4.73% -19.58% 44.25% 1.67% 19.02% 17.58% 9 1 10 Years of Data, EPS P or N 90.00%
Earnings Yield -1.5% 2.3% 1.5% 1.9% 2.1% 2.6% -7.1% 1.5% 1.6% 2.2% 1.4% 1.6% 2.0% 2.5% 2.9% 18.19% <-IRR #YR-> 10 Earnings per Share 431.80% CDN$
5 year Running Average -$0.06 $0.28 $0.43 $0.47 $0.85 $1.41 -$0.44 -$0.09 $0.43 $0.81 $0.91 $3.47 $3.83 $4.09 $4.57 11.06% <-IRR #YR-> 5 Earnings per Share 68.94% CDN$
10 year Running Average $0.34 $0.37 $0.32 $0.38 $0.52 $0.67 -$0.08 $0.17 $0.45 $0.83 $1.16 $1.51 $1.87 $2.26 $2.69 24.37% <-IRR #YR-> 10 5 yr Running Average 785.10% CDN$
* ESP per share (CDN, Diluted) E/P 10 Yrs 1.79% 5Yrs 1.64% #NUM! <-IRR #YR-> 5 5 yr Running Average 4219.92% CDN$
-$0.82 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.34
-$2.57 $0.00 $0.00 $0.00 $0.00 $4.34
-$0.43 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.83
$0.09 $0.00 $0.00 $0.00 $0.00 $3.83
Dividend* $1.18 $1.30 Dividend*
Increase 9.95% 9.98% Increase
Payout Ratio EPS 31.20% 29.18% Payout Ratio EPS
Special Dividend US$ Paid in US$ $0.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends US$
Dividend* $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $1.08 $1.09 $1.22 $1.22 168.75% <-Total Growth 10 Dividends US$
Increase 0.00% 7.50% 11.05% 10.47% 10.90% 10.26% 10.47% 10.88% 11.08% 11.11% 10.26% 1.40% 11.93% 0.00% 10 0 11 Years of data, Count P, N 90.91% US$
Average Increases 5 Year Running 8.0% 10.0% 10.6% 10.6% 10.7% 10.8% 10.8% 8.9% 9.2% 6.9% 10.63% <-Median-> 7 Average Incr 5 Year Running US$
Dividends 5 Yr Running $0.34 $0.45 $0.48 $0.53 $0.59 $0.65 $0.72 $0.80 $0.89 $0.96 $1.05 $1.12 159.44% <-Total Growth 8 Dividends 5 Yr Running US$
Yield H/L Price 1.12% 1.65% 1.22% 1.00% 0.80% 0.69% 0.67% 0.64% 0.42% 0.52% 0.61% 0.58% 0.60% 0.69% 0.62% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 0.92% 1.39% 0.95% 0.82% 0.66% 0.60% 0.54% 0.45% 0.35% 0.41% 0.53% 0.49% 0.52% 0.66% 0.52% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 1.43% 2.03% 1.72% 1.30% 1.00% 0.82% 0.89% 1.10% 0.53% 0.70% 0.71% 0.69% 0.72% 0.72% 0.77% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 0.92% 1.55% 0.99% 0.91% 0.68% 0.77% 0.63% 0.47% 0.36% 0.64% 0.54% 0.54% 0.69% 0.70% 0.79% 0.79% 0.64% <-Median-> 10 Yield on Close Price US$
Payout Ratio -61.67% 66.34% 67.80% 46.74% 32.93% 29.31% -8.89% 31.93% 23.36% 29.04% 39.17% 32.83% 33.91% 28.77% 23.51% #DIV/0! 32.38% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 52.72% 41.67% -132.97% -683.33% 169.40% 108.31% 104.64% 30.77% 31.31% 32.29% 31.51% #DIV/0! 41.67% <-Median-> 9 DPR EPS 5 Yr Running US$
Payout Ratio CF 12.15% 17.77% 16.51% 14.14% 14.83% 19.08% 22.52% 9.64% 18.75% 32.99% 13.99% 15.45% 11.02% 11.83% 12.39% #DIV/0! 15.14% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 13.57% 16.31% 17.23% 14.55% 15.45% 17.86% 16.59% 15.70% 15.52% 14.16% 12.65% #DIV/0! 15.70% <-Median-> 9 DPR CF 5 Yr Running US$
Payout Ratio CF WC 14.31% 21.62% 26.17% 16.53% 13.90% 12.58% 25.10% 13.90% 12.12% 12.44% 13.51% 12.80% 12.17% 11.83% 12.39% #DIV/0! 13.15% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 15.79% 16.42% 17.17% 15.49% 14.39% 13.94% 14.05% 12.91% 12.59% 12.48% 12.47% #DIV/0! 14.39% <-Median-> 9 DPR CF WC 5 Yr Running US$
Median Values 10 Yr Med 10 Yr Cl 0.62% 0.64% 5 Yr Med 5 Yr Cl 0.58% 0.54% 5 Yr Med Payout 32.83% 15.45% 12.44% 10.76% <-IRR #YR-> 5 Dividends 66.67% US$
* Dividends per share  10 Yr Med and Cur. 26.81% 23.90% 5 Yr Med and Cur. 37.09% 45.72% Last Div Inc ---> $0.2750 $0.3050 10.91% 10.39% <-IRR #YR-> 10 Dividends 168.75% US$
Dividends Growth 15 8.59% <-IRR #YR-> 12 Dividends
Dividends Growth 5 -$0.65 $0.00 $0.00 $0.00 $0.00 $1.08 Dividends Growth 5
Dividends Growth 10 -$0.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.08 Dividends Growth 10
Dividends Growth 15 -$0.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.08 Dividends Growth 15
Historical Dividends Historical High Div 1.91% Low Div 0.38% 10 Yr High 1.28% 10 Yr Low 0.36% Med Div 0.67% Close Div 0.68% Historical Dividends
High/Ave/Median Values Curr diff Cheap -58.70% Cheap 107.60% Cheap -38.37% 119.13% Cheap 17.74% Cheap 15.51% High/Ave/Median Values
Future Dividend Yield Div Yield 1.31% earning in 5 Years at IRR of 10.76% Div Inc. 66.67% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 2.19% earning in 10 Years at IRR of 10.76% Div Inc. 177.78% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 3.65% earning in 15 Years at IRR of 10.76% Div Inc. 362.96% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 6.09% earning in 20 Years at IRR of 10.76% Div Inc. 671.60% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 10.15% earning in 25 Years at IRR of 10.76% Div Inc. 1186.01% Future Dividend Yield CDN$
Future Dividend Yield Div Yield 16.91% earning in 30 Years at IRR of 10.76% Div Inc. 2043.35% Future Dividend Yield CDN$
Future Dividend Paid Div Paid $2.03 earning in 5 Years at IRR of 10.76% Div Inc. 66.67% Future Dividend Paid
Future Dividend Paid Div Paid $3.39 earning in 10 Years at IRR of 10.76% Div Inc. 177.78% Future Dividend Paid
Future Dividend Paid Div Paid $5.65 earning in 15 Years at IRR of 10.76% Div Inc. 362.96% Future Dividend Paid
Dividend Covering Cost Total Div $7.56 over 5 Years at IRR of 10.76% Div Cov. 4.89% Dividend Covering Cost
Dividend Covering Cost Total Div $18.13 over 10 Years at IRR of 10.76% Div Cov. 11.72% Dividend Covering Cost
Dividend Covering Cost Total Div $35.74 over 15 Years at IRR of 10.76% Div Cov. 23.11% Dividend Covering Cost
Dividend* $1.61 $1.77 Dividend*
Increase 9.49% 9.98% Increase
Payout Ratio EPS 31.20% 29.18% Payout Ratio EPS
Special Dividend CDN$ - Pd in US$ $0.21 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends CDN$
Dividend* $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.40 $1.47 $1.49 $1.67 $1.67 166.01% <-Total Growth 10 Dividends CDN$
Increase 19.36% 4.24% 3.75% 20.13% 5.58% 8.08% 10.00% 18.45% 8.47% 20.88% 5.02% 0.97% 11.93% 0.00% 11 0 11 Years of data, Count P, N 100.00% CDN$
Average Increases 5 Year Running 5.5% 9.5% 10.6% 8.4% 9.5% 12.4% 10.1% 13.2% 12.6% 10.8% 9.5% 7.8% 10.12% <-Median-> 9 Average Incr 5 Year Running CDN$
Dividends 5 Yr Running $0.44 $0.58 $0.64 $0.70 $0.76 $0.85 $0.94 $1.07 $1.20 $1.32 $1.44 $1.54 173.90% <-Total Growth 8 Dividends 5 Yr Running CDN$
Yield H/L Price 1.68% 1.34% 0.98% 0.77% 0.74% 0.65% 0.60% 0.42% 0.55% 0.59% 0.60% 0.60% 0.60% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 1.42% 0.96% 0.84% 0.65% 0.63% 0.53% 0.44% 0.36% 0.44% 0.52% 0.51% 0.51% 0.52% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 2.06% 2.26% 1.18% 0.95% 0.90% 0.83% 0.97% 0.52% 0.73% 0.69% 0.72% 0.71% 0.78% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 1.54% 0.99% 0.91% 0.68% 0.77% 0.63% 0.47% 0.36% 0.65% 0.54% 0.54% 0.69% 0.71% 0.79% 0.79% 0.64% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio -61.67% 66.34% 67.80% 46.74% 32.93% 29.31% -8.89% 31.93% 23.36% 29.04% 39.17% 32.83% 33.91% 28.77% 27.38% #DIV/0! 32.38% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 51.93% 41.47% -144.63% -748.76% 175.48% 106.00% 103.87% 30.87% 31.41% 32.27% 31.49% #DIV/0! 41.47% <-Median-> 9 DPR EPS 5 Yr Running CDN$
Payout Ratio CF 0.75% 0.75% 0.61% 0.53% 0.56% 0.55% 0.44% 0.45% 0.53% 0.47% 0.46% 0.42% 0.35% 0.32% #DIV/0! 0.50% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 13.85% 16.32% 17.23% 14.62% 15.51% 18.01% 16.69% 15.78% 15.49% 14.16% 12.66% #DIV/0! 15.78% <-Median-> 9 DPR CF 5 Yr Running CDN$
Payout Ratio CF WC 14.31% 21.62% 26.17% 16.53% 13.90% 12.58% 25.10% 13.90% 12.12% 12.44% 13.51% 12.80% 12.17% 11.83% 12.39% #DIV/0! 13.15% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 16.19% 16.38% 17.19% 15.48% 14.40% 13.92% 14.04% 12.91% 12.60% 12.48% 12.46% #DIV/0! 14.40% <-Median-> 9 DPR CF WC 5 Yr Running CDN$
Median Values 10 Yr Med 10 Yr Cl 0.60% 0.64% 5 Yr Med 5 Yr Cl 0.59% 0.54% 5 Yr Med Payout 32.83% 0.46% 12.44% 12.40% <-IRR #YR-> 5 Dividends 79.42% CDN$
* Dividends per share  10 Yr Med and Cur. 31.80% 24.12% 5 Yr Med and Cur. 32.93% 46.21% Last Div Inc ---> $0.2750 $0.3050 10.91% 10.28% <-IRR #YR-> 10 Dividends 166.01% CDN$
Dividends Growth 15 10.19% <-IRR #YR-> 12 Dividends
Dividends Growth 5 -$0.82 $0.00 $0.00 $0.00 $0.00 $1.47 Dividends Growth 5
Dividends Growth 10 -$0.55 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.47 Dividends Growth 10
Dividends Growth 15 -$0.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.47 Dividends Growth 15
Historical Dividends Historical High Div 2.20% Low Div 0.38% 10 Yr High 1.16% 10 Yr Low 0.36% Med Div 0.63% Close Div 0.66% Historical Dividends
High/Ave/Median Values Curr diff Cheap 442.12% Cheap 108.03% Cheap -31.85% 119.59% Cheap 25.48% Cheap 19.18% High/Ave/Median Values
Future Dividend Yield Div Yield 1.42% earning in 5 Years at IRR of 12.40% Div Inc. 79.42% Future Dividend Yield
Future Dividend Yield Div Yield 2.54% earning in 10 Years at IRR of 12.40% Div Inc. 221.90% Future Dividend Yield
Future Dividend Yield Div Yield 4.57% earning in 15 Years at IRR of 12.40% Div Inc. 477.55% Future Dividend Yield
Future Dividend Yield Div Yield 8.19% earning in 20 Years at IRR of 12.40% Div Inc. 936.22% Future Dividend Yield
Future Dividend Yield Div Yield 14.70% earning in 25 Years at IRR of 12.40% Div Inc. 1759.15% Future Dividend Yield
Future Dividend Paid Div Paid $2.99 earning in 5 Years at IRR of 12.40% Div Inc. 79.42% Future Dividend Paid
Future Dividend Paid Div Paid $5.36 earning in 10 Years at IRR of 12.40% Div Inc. 221.90% Future Dividend Paid
Future Dividend Paid Div Paid $9.62 earning in 15 Years at IRR of 12.40% Div Inc. 477.55% Future Dividend Paid
Dividend Covering Cost Total Div $10.66 over 5 Years at IRR of 12.40% Div Cov. 5.06% Dividend Covering Cost
Dividend Covering Cost Total Div $26.81 over 10 Years at IRR of 12.40% Div Cov. 12.73% Dividend Covering Cost
Dividend Covering Cost Total Div $55.77 over 15 Years at IRR of 12.40% Div Cov. 26.48% Dividend Covering Cost CDN$
Yield if held 5 years 0.00% 5.71% 4.37% 3.57% 4.12% 3.87% 2.75% 1.99% 1.53% 1.38% 1.19% 1.20% 1.08% 0.70% 0.86% 0.85% 1.76% <-Median-> 10 Paid Median Price CDN$
Yield if held 10 years 0.00% 4.69% 4.13% 3.94% 3.92% 7.68% 9.35% 6.48% 5.59% 7.36% 6.25% 5.07% 3.57% 2.52% 2.15% 1.71% 5.92% <-Median-> 10 Paid Median Price CDN$
Yield if held 15 years 0.00% 9.16% 10.72% 6.61% 8.12% 11.58% 7.67% 6.12% 6.17% 7.00% 12.39% 17.27% 11.63% 9.21% 11.45% 8.96% 7.90% <-Median-> 10 Paid Median Price CDN$
Yield if held 20 years 0.00% 28.73% 41.21% 36.68% 18.54% 15.78% 15.00% 15.89% 10.33% 14.50% 18.68% 14.17% 10.97% 10.16% 10.89% 17.78% 15.39% <-Median-> 10 Paid Median Price CDN$
Yield if held 25 years 26.42% 47.04% 61.10% 57.39% 33.12% 25.45% 27.69% 28.51% 17.02% 22.57% 26.80% 30.81% <-Median-> 8 Paid Median Price CDN$
Yield if held 30 years 42.61% 86.86% 109.62% 94.51% 51.54% 36.51% 86.86% <-Median-> 3 Paid Median Price
Cost covered if held 5 years 7.23% 15.15% 14.27% 96.17% 105.33% 80.00% 51.70% 33.30% 22.26% 16.01% 11.99% 9.29% 7.28% 4.14% 3.98% 3.22% 27.78% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 3.42% 6.84% 9.17% 12.35% 15.75% 33.38% 47.85% 37.16% 34.74% 45.93% 41.07% 30.97% 23.01% 17.63% 14.79% 12.77% 34.06% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 4.66% 13.36% 23.81% 20.69% 32.62% 50.32% 39.25% 35.06% 38.32% 43.70% 83.72% 113.81% 84.59% 75.56% 95.35% 82.50% 41.48% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 20 years 7.81% 41.90% 91.56% 114.86% 74.51% 68.56% 76.70% 91.09% 64.19% 90.54% 126.20% 93.37% 79.82% 83.35% 90.73% 165.87% 85.18% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 25 years 114.80% 240.63% 350.25% 356.45% 206.81% 171.95% 182.44% 207.38% 139.64% 187.98% 250.03% 207.09% <-Median-> 8 Paid Median Price CDN$
Cost covered if held 30 years 542.30% 1001.34% 1362.46% 1257.87% 664.46% 507.21% 1001.34% <-Median-> 3 Paid Median Price
Yr  Item Tot. Growth Per Year
Revenue Growth US$ $2,772.4 $3,249.1 $3,745.8 $4,334.5 $5,216.9 $5,497.5 $5,548.5 <-12 mths 0.93% 98.29% <-Total Growth 5 Revenue Growth US$ 98.29% 14.67%
AEPS Growth $3.46 $4.57 $4.24 $4.66 $5.00 $5.75 $5.72 <-12 mths -0.52% 66.18% <-Total Growth 5 AEPS Growth 66.18% 10.69%
Net Income Growth $87.3 $135.2 $121.1 $100.4 $134.4 $145.0 $156.9 <-12 mths 8.17% 66.23% <-Total Growth 5 Net Income Growth 66.23% 10.70%
Cash Flow Growth $291.8 $167.3 $105.9 $280.4 $285.7 $445.9 52.84% <-Total Growth 5 Cash Flow Growth 52.84% 8.86%
Dividend Growth $0.65 $0.71 $0.79 $0.88 $0.98 $1.08 $1.09 <-12 mths 1.40% 66.67% <-Total Growth 5 Dividend Growth 66.67% 10.76%
Stock Price Growth $136.76 $196.47 $122.55 $162.09 $181.02 $155.53 $154.65 <-12 mths -0.57% 13.72% <-Total Growth 5 Stock Price Growth 13.72% 2.61%
Revenue Growth US$ $1,264.1 $1,482.9 $1,705.5 $1,931.5 $2,407.4 $2,772.4 $3,249.1 $3,745.8 $4,334.5 $5,216.9 $5,497.5 $5,837.0 <-this year 6.18% 334.90% <-Total Growth 10 Revenue Growth US$ 334.90% 15.83%
AEPS Growth $1.20 $1.62 $1.99 $2.61 $3.00 $3.46 $4.57 $4.24 $4.66 $5.00 $5.75 $6.18 <-this year 7.48% 379.17% <-Total Growth 10 AEPS Growth 379.17% 16.96%
Net Income Growth $21.4 $33.6 $53.1 $65.9 -$251.6 $87.3 $135.2 $121.1 $100.4 $134.4 $145.0 $174.1 <-this year 20.03% 577.95% <-Total Growth 10 Net Income Growth 577.95% 21.09%
Cash Flow Growth $87.1 $109.0 $115.6 $99.5 $107.8 $291.8 $167.3 $105.9 $280.4 $285.7 $445.9 $307.8 <-this year -30.97% 412.05% <-Total Growth 10 Cash Flow Growth 412.05% 17.74%
Dividend Growth $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $1.08 $1.18 <-this year 9.95% 168.75% <-Total Growth 10 Dividend Growth 168.75% 10.39%
Stock Price Growth $40.43 $47.48 $69.92 $68.48 $93.04 $136.76 $196.47 $122.55 $162.09 $181.02 $155.53 $188.59 <-this year 21.26% 284.69% <-Total Growth 10 Stock Price Growth 284.69% 14.42%
Dividends on Shares CDN$ $10.39 $10.78 $12.95 $13.68 $14.78 $16.26 $19.26 $20.89 $25.25 $26.52 $26.78 $29.97 $29.97 $170.77 No of Years 10 Total Divs 12/31/15
Paid  $1,006.20 $1,147.32 $1,582.74 $1,686.42 $2,176.02 $3,135.96 $4,474.80 $2,984.58 $3,863.70 $4,687.02 $3,842.10 $3,791.34 $3,791.34 $3,791.34 $3,842.10 No of Years 10 Worth $55.90 17.89
Total $4,012.87
Graham Price CDN$ AEPS $9.70 $11.55 $15.51 $18.22 $19.97 $26.79 $34.19 $43.73 $54.80 $59.92 $64.84 $78.18 $68.78 $87.12 $91.52 $0.00 343.41% <-Total Growth 10 Graham Price AEPS CDN$
Price/GP Ratio Med 1.92 2.39 2.66 3.24 3.88 3.63 3.41 3.12 3.90 3.22 3.01 3.00 3.60 2.49 3.23 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 2.39 2.84 3.74 3.79 4.59 4.28 4.16 4.30 4.64 4.01 3.42 3.52 4.19 2.60 4.09 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.44 1.95 1.58 2.68 3.17 2.98 2.67 1.94 3.16 2.43 2.60 2.49 3.00 2.38 2.63 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 2.39 2.60 3.60 3.50 4.40 3.50 3.54 3.98 4.54 2.77 3.31 3.33 3.10 2.42 2.30 #DIV/0! 3.52 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 139.03% 159.98% 260.37% 249.87% 340.35% 249.76% 253.63% 298.43% 353.65% 176.70% 231.06% 233.08% 210.33% 141.78% 130.15% #DIV/0! 251.75% <-Median-> 10 Graham Price CDN$
Graham Price CDN$ EPS $7.57 $7.63 $10.88 $13.73 $17.04 $22.25 $27.14 $33.41 $44.77 $48.00 $44.95 $60.25 $51.07 $68.21 $73.97 $0.00 369.54% <-Total Growth 10 Graham Price EPS CDN$
Price/GP Ratio Med 2.45 3.63 3.79 4.30 4.55 4.37 4.30 4.08 4.78 4.02 4.34 3.90 4.84 3.18 4.30 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 3.06 4.30 5.33 5.03 5.38 5.15 5.23 5.63 5.68 5.01 4.94 4.57 5.64 3.33 5.19 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.84 2.96 2.25 3.56 3.72 3.59 3.36 2.54 3.87 3.04 3.74 3.23 4.04 3.04 3.46 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 3.06 3.94 5.14 4.64 5.16 4.21 4.45 5.21 5.55 3.45 4.78 4.32 4.18 3.09 2.85 #DIV/0! 4.71 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 206.20% 293.77% 413.94% 364.27% 415.87% 321.17% 345.46% 421.45% 455.30% 245.47% 377.50% 332.18% 317.96% 208.78% 184.76% #DIV/0! 370.89% <-Median-> 10 Graham Price CDN$
Pre-split 15 $45.75 $59.28
Price Close CDN$ $23.18 $30.04 $55.90 $63.74 $87.93 $93.69 $120.89 $174.22 $248.60 $165.81 $214.65 $260.39 $213.45 $210.63 $210.63 $210.63 281.84% <-Total Growth 10 Stock Price CDN$
Increase 62.93% 29.57% 86.10% 14.03% 37.95% 6.55% 29.03% 44.11% 42.69% -33.30% 29.46% 21.31% -18.03% -1.32% 0.00% 0.00% 93.09 <-Median-> 10 CAPE (10 Yr P/E) CDN$
P/E -67.21 42.94 68.42 51.60 48.34 38.15 -14.15 67.74 64.29 45.01 72.45 60.93 49.13 40.73 34.64 #DIV/0! 4.15% <-IRR #YR-> 5 Stock Price 22.52% CDN$
Trailing P/E -382.46 -87.09 79.91 78.02 71.18 51.51 49.23 -20.39 96.66 42.88 58.27 87.89 49.95 48.48 40.73 34.64 14.34% <-IRR #YR-> 10 Stock Price 281.84% CDN$
CAPE (10 Yr P/E) 40.68 42.83 62.45 65.07 62.57 60.59 -632.95 399.18 202.16 128.84 108.55 98.14 88.03 79.20 71.21 #DIV/0! 4.84% <-IRR #YR-> 5 Price & Dividend 25.97% CDN$
Median 10, 5 Yrs D.  per yr 0.98% 0.69% % Tot Ret 6.38% 14.31% T P/E 54.89 58.27 P/E:  50.36 60.93 15.31% <-IRR #YR-> 10 Price & Dividend 298.81% CDN$
Price 15 D.  per yr 1.33% % Tot Ret 6.45% CAPE Diff -56.24% 19.25% <-IRR #YR-> 15 Stock Price 1301.85% CDN$
Price  20 D.  per yr 0.69% % Tot Ret 4.62% 14.32% <-IRR #YR-> 20 Stock Price 1354.11% CDN$
Price  25 D.  per yr 0.58% % Tot Ret 3.70% 15.11% <-IRR #YR-> 25 Stock Price 3270.04% CDN$
Price  30 D.  per yr 0.63% % Tot Ret 3.19% 19.10% <-IRR #YR-> 30 Stock Price CDN$
Price & Dividend 15 20.57% <-IRR #YR-> 15 Price & Dividend 1372.24% CDN$
Price & Dividend 20 15.02% <-IRR #YR-> 20 Price & Dividend 1427.12% CDN$
Price & Dividend 25 15.69% <-IRR #YR-> 25 Price & Dividend 34.3925963 CDN$
Price & Dividend 30 19.73% <-IRR #YR-> 30 Price & Dividend
Price  5 -$174.22 $0.00 $0.00 $0.00 $0.00 $213.45 Price  5
Price 10 -$55.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $213.45 Price 10
Price & Dividend 5 -$174.22 $1.07 $1.16 $1.40 $1.47 $214.92 Price & Dividend 5
Price & Dividend 10 -$55.90 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.40 $1.47 $214.92 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $213.45 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $213.45 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $213.45 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $213.45 Price  30
Price & Dividend 15 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.40 $1.47 $214.92 Price & Dividend 15
Price & Dividend 20 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.40 $1.47 $214.92 Price & Dividend 20
Price & Dividend 25 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.40 $1.47 $214.92 Price & Dividend 25
Price & Dividend 30 $0.46 $0.55 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.40 $1.47 $214.92 Price & Dividend 30
Price H/L Median $18.57 $27.67 $41.23 $58.98 $77.53 $97.16 $116.59 $136.41 $213.83 $193.18 $195.16 $234.79 $247.32 $217.11 499.85% <-Total Growth 10 Stock Price CDN$
Increase 27.67% 48.97% 49.02% 43.04% 31.46% 25.32% 19.99% 17.00% 56.76% -9.66% 1.02% 20.31% 5.34% -12.21% 19.62% <-IRR #YR-> 10 Stock Price 499.85% CDN$
P/E -53.85 39.55 50.47 47.74 42.62 39.57 -13.64 53.04 55.30 52.44 65.87 54.94 56.92 41.98 12.64% <-IRR #YR-> 5 Stock Price 81.31% CDN$
Trailing P/E -306.43 -80.22 58.94 72.18 62.76 53.41 47.48 -15.96 83.14 49.96 52.97 79.25 57.87 49.97 20.62% <-IRR #YR-> 10 Price & Dividend 524.21% CDN$
P/E on Run. 5 yr Ave -315.41 98.81 95.37 125.68 91.73 69.14 -262.67 -1468.76 493.35 239.55 214.97 67.63 64.64 53.12 13.32% <-IRR #YR-> 5 Price & Dividend 86.31% CDN$
P/E on Run. 10 yr Ave 54.41 75.60 130.06 156.25 150.52 144.33 -1423.26 803.76 473.77 233.93 168.74 155.08 132.49 96.05 19.35 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs D.  per yr 1.00% 0.68% % Tot Ret 4.87% 5.13% Price Inc 5.34% P/E:  52.74 55.30 Count 32 Years of data
-$41.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $247.32
-$136.41 $0.00 $0.00 $0.00 $0.00 $247.32
-$41.23 $0.58 $0.60 $0.72 $0.76 $0.82 $0.90 $1.07 $1.16 $1.40 $248.79
-$136.41 $0.90 $1.07 $1.16 $1.40 $248.79
High Month CDN$ Dec Dec Dec Aug Oct Sep Aug Nov Nov Jan Dec Nov Sep Jan
Pre-Split '05
Pre-split 15 $45.78 $64.71
Price High CDN$ $23.20 $32.79 $57.96 $69.06 $91.69 $114.56 $142.05 $188.00 $254.36 $240.58 $222.04 $275.24 $288.17 $226.84 397.19% <-Total Growth 10 Stock Price CDN$
Increase 43.42% 41.35% 76.77% 19.15% 32.77% 24.94% 24.00% 32.35% 35.30% -5.42% -7.71% 23.96% 4.70% -21.28% 17.40% <-IRR #YR-> 10 Stock Price 397.19% CDN$
P/E -67.25 46.87 70.94 55.91 50.41 46.65 -16.62 73.10 65.78 65.30 74.95 64.41 66.33 43.87 8.92% <-IRR #YR-> 5 Stock Price 53.28% CDN$
Trailing P/E -381.50 -101.11 96.12 117.05 99.66 79.01 78.92 -28.57 125.92 78.88 81.63 122.88 97.03 71.56 25.54 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 4.70% P/E:  64.86 65.78 65.40 P/E Ratio Historical High CDN$
-$57.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $288.17
-$188.00 $0.00 $0.00 $0.00 $0.00 $288.17
Low Month CDN$ Jan Feb Jan Feb Jan Feb Jan Mar Jan Jun Jan May Nov  Jan
Pre-Split '05
Pre-split 15 $27.53 $44.50
Price Low CDN$ $13.95 $22.55 $24.50 $48.89 $63.37 $79.76 $91.12 $84.82 $173.30 $145.78 $168.27 $194.34 $206.47 $207.38 742.73% <-Total Growth 10 Stock Price CDN$
Increase 7.96% 61.64% 8.66% 99.55% 29.62% 25.86% 14.24% -6.91% 104.32% -15.88% 15.43% 15.49% 6.24% 0.44% 23.76% <-IRR #YR-> 10 Stock Price 742.73% CDN$
P/E -40.44 32.23 29.99 39.58 34.84 32.48 -10.66 32.98 44.82 39.57 56.80 45.48 47.52 40.10 19.47% <-IRR #YR-> 5 Stock Price 143.42% CDN$
Trailing P/E -230.15 -65.37 35.02 59.84 51.30 43.85 37.11 -9.92 67.38 37.70 45.68 65.60 48.31 47.73 15.59 P/E Ratio Historical Median CDN$
Median 10, 5 Yrs Price Inc 15.43% P/E:  39.57 45.48 8.57 P/E Ratio Historical Low CDN$
-$24.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $206.47
-$84.82 $0.00 $0.00 $0.00 $0.00 $206.47
Price Close CDN$ using Exchange $21.80 $25.89 $40.37 $47.47 $70.09 $68.68 $93.08 $136.84 $196.09 $122.42 $162.29 $180.96 $155.73 $154.33 $154.33 $154.33
Pre-split '05
Pre-split '15 $43.05 $50.86
Price Close US$ $21.81 $25.77 $40.43 $47.48 $69.92 $68.48 $93.04 $136.76 $196.47 $122.55 $162.09 $181.02 $155.53 $154.65 $154.65 $154.65 284.69% <-Total Growth 10 Stock Price US$
Increase 52.34% 18.14% 56.88% 17.44% 47.26% -2.06% 35.86% 46.99% 43.66% -37.62% 32.26% 11.68% -14.08% -0.57% 0.00% 0.00% 94.83 <-Median-> 10 CAPE (10 Yr P/E) US$
P/E -67.27 42.74 68.53 51.61 48.22 38.04 -14.14 67.70 64.42 45.06 72.36 60.95 49.06 40.82 34.71 #DIV/0! 2.61% <-IRR #YR-> 5 Stock Price 13.72% US$
Trailing P/E -358.75 -79.47 67.05 80.47 76.00 47.23 51.69 -20.78 97.26 40.18 59.59 80.81 52.37 48.79 40.82 34.71 14.42% <-IRR #YR-> 10 Stock Price 284.69% US$
CAPE (10 Yr P/E) 43.90 45.75 65.55 68.55 65.72 63.86 -791.78 367.40 206.03 131.66 109.27 100.02 89.63 80.61 72.59 #DIV/0! 3.22% <-IRR #YR-> 5 Price & Dividend 16.96% US$
Median 10, 5 Yrs D.  per yr 0.92% 0.61% % Tot Ret 6.02% 19.02% T P/E 55.98 59.59 P/E:  50.34 60.95 15.35% <-IRR #YR-> 10 Price & Dividend 302.24% US$
Price 15 D.  per yr 0.95% % Tot Ret 5.40% CAPE Diff -56.96% 16.72% <-IRR #YR-> 15 Stock Price 917.05% US$
Price  20 D.  per yr 0.57% % Tot Ret 4.08% 13.46% <-IRR #YR-> 20 Stock Price 1148.77% US$
Price  25 D.  per yr 0.53% % Tot Ret 3.23% 15.78% <-IRR #YR-> 25 Stock Price 3797.74% US$
Price  30 D.  per yr 0.54% % Tot Ret 2.75% 19.09% <-IRR #YR-> 30 Stock Price
Price & Dividend 15 17.68% <-IRR #YR-> 15 Price & Dividend 969.99% US$
Price & Dividend 20 14.03% <-IRR #YR-> 20 Price & Dividend 1213.76% US$
Price & Dividend 25 16.31% <-IRR #YR-> 25 Price & Dividend 40.0060742 US$
Price & Dividend 30 19.63% <-IRR #YR-> 30 Price & Dividend
Price  5 -$136.76 $0.00 $0.00 $0.00 $0.00 $155.53 Price  5
Price 10 -$40.43 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $155.53 Price 10
Price & Dividend 5 -$136.76 $0.71 $0.79 $0.88 $0.98 $156.61 Price & Dividend 5
Price & Dividend 10 -$40.43 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $156.61 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $155.53 Price 15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $155.53 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $155.53 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $155.53 Price  30
Price & Dividend 15 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $156.61 Price & Dividend 15
Price & Dividend 20 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $156.61 Price & Dividend 20
Price & Dividend 25 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $156.61 Price & Dividend 25
Price & Dividend 30 $0.20 $0.40 $0.40 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $156.61 Price & Dividend 30
Price H/L Median US$ $17.89 $24.25 $32.74 $42.86 $59.95 $76.00 $86.74 $101.46 $168.75 $153.02 $144.22 $169.44 $179.15 $158.05 447.27% <-Total Growth 10 Stock Price US$
Increase 23.00% 35.55% 35.01% 30.91% 39.88% 26.78% 14.13% 16.96% 66.33% -9.32% -5.75% 17.49% 5.73% -11.78% 18.53% <-IRR #YR-> 10 Stock Price 447.27% US$
P/E -55.16 40.21 55.48 46.58 41.34 42.22 -13.18 50.23 55.33 56.26 64.38 57.05 56.51 41.71 12.04% <-IRR #YR-> 5 Stock Price 76.58% US$
Trailing P/E -294.17 -74.77 54.29 72.64 65.16 52.41 48.19 -15.42 83.54 50.17 53.02 75.64 60.32 49.86 19.52% <-IRR #YR-> 10 Price & Dividend 470.17% US$
P/E on Run. 5 yr Ave -360.20 93.09 89.12 124.01 92.55 70.86 -238.30 -1300.71 484.91 254.19 209.01 65.17 63.30 53.07 12.73% <-IRR #YR-> 5 Price & Dividend 81.58% US$
P/E on Run. 10 yr Ave 60.86 76.56 124.13 142.38 148.78 148.59 -1675.23 701.39 486.61 244.88 163.64 151.56 130.20 95.04 21.21 P/E Ratio Historical Median US$
Median 10, 5 Yrs D.  per yr 0.99% 0.69% % Tot Ret 5.07% 5.41% Price Inc 5.73% P/E:  52.78 56.51 Count 33 Years of data
-$32.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $179.15
-$101.46 $0.00 $0.00 $0.00 $0.00 $179.15
-$32.74 $0.43 $0.48 $0.53 $0.59 $0.65 $0.71 $0.79 $0.88 $0.98 $180.23
-$101.46 $0.71 $0.79 $0.88 $0.98 $180.23
High Month US$ Dec Nov Dec Aug Oct Aug Aug Nov Oct Jan Dec Nov Sep Feb
Pre-split '05
Pre-split '15 $43.05 $56.90
Price High US$ $21.81 $28.83 $42.19 $52.53 $72.25 $87.72 $107.40 $144.21 $202.08 $193.28 $165.08 $197.05 $208.43 $165.10 394.03% <-Total Growth 10 Stock Price US$
Increase 32.91% 32.17% 46.33% 24.51% 37.54% 21.41% 22.44% 34.27% 40.13% -4.35% -14.59% 19.37% 5.78% -20.79% 17.32% <-IRR #YR-> 10 Stock Price 394.03% US$
P/E Ratio -67.27 47.82 71.51 57.10 49.83 48.73 -16.32 71.39 66.26 71.06 73.70 66.35 65.75 43.57 7.64% <-IRR #YR-> 5 Stock Price 44.53% US$
Trailing P/E Ratio -358.75 -88.91 69.97 89.03 78.53 60.50 59.67 -21.92 100.04 63.37 60.69 87.97 70.18 52.08 25.65 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E 70.18 P/E:  66.00 66.35 66.29 P/E Ratio Historical High US$
-$42.19 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $208.43
-$144.21 $0.00 $0.00 $0.00 $0.00 $208.43
Low Month US$ Jan Jan Jan Feb Jan Feb Jan Mar Jan Jun Jan May Dec Jan
Pre-split '05
Pre-split '15 $27.55 $38.80
Price Low US$ $13.96 $19.66 $23.28 $33.18 $47.64 $64.28 $66.08 $58.70 $135.42 $112.76 $123.35 $141.83 $149.87 $150.99 543.77% <-Total Growth 10 Stock Price US$
Increase 10.16% 40.83% 18.41% 42.53% 43.58% 34.93% 2.80% -11.17% 130.70% -16.73% 9.39% 14.98% 5.67% 0.75% 28.73% <-IRR #YR-> 10 Stock Price 543.77% US$
P/E Ratio -43.05 32.61 39.46 36.07 32.86 35.71 -10.04 29.06 44.40 41.46 55.07 47.75 47.28 39.85 35.72% <-IRR #YR-> 5 Stock Price 155.32% US$
Trailing P/E Ratio -229.58 -60.63 38.61 56.24 51.78 44.33 36.71 -8.92 67.04 36.97 45.35 63.32 50.46 47.63 16.07 P/E Ratio Historical Median US$
Median 10, 5 Yrs T P/E $44.33 P/E:  32.73 35.71 8.61 P/E Ratio Historical Low US$
-$5.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $64.28
-$13.96 $0.00 $0.00 $0.00 $0.00 $64.28
Free Cash Flow Mkt Sc US$ $252.4 $109.1 $28.3 $187.6 $172.9 $318.2 289.1 316.4
Change -56.77% -74.08% 563.37% -7.84% 84.04% -9.15% 9.44%
Free Cash Flow WSJ CDN$ $75.9 $338.5 $136.7 $33.6 $253.2 $236.8 $444.7 $394.6 $431.8 <-Total Growth 6 Free Cash Flow WSJ CDN$ CDN$
Change 346.12% -59.60% -75.42% 653.48% -6.48% 87.76% -11.27% 9.44% 40.64% <-Median-> 6 Change CDN$
Free Cash Flow WSJ US$ $23 $67 $80 $79.4 $58.9 $58.4 $265.8 $107.9 $24.8 $191.5 $164.6 $318.2 $289.1 $316.4 374.93% <-Total Growth 10 Free Cash Flow WSJ US$
Change 19.40% -0.75% -25.82% -0.82% 355.09% -59.43% -76.99% 671.60% -14.04% 93.32% -9.15% 9.44% 3.66% <-IRR #YR-> 5 Change
FCF/CF from Op Ratio 0.77 0.73 0.69 0.59 0.54 0.91 0.64 0.23 0.68 0.58 0.71 49.83 55.77 16.86% <-IRR #YR-> 10 Free Cash Flow MS #DIV/0! US$
Dividends paid $7 $15 $17 $18.78 $22.04 $22.04 $31.21 $31.21 $39.06 $43.83 $48.89 $1.12 $277.94 598.37% <-Total Growth 10 Dividends paid US$
Percentage paid 10.45% 18.75% 21.41% 31.88% 37.74% 8.29% 28.93% 125.76% 20.40% 26.63% 15.36% 0.39% 87.84% 24.02% <-Median-> 10 Percentage paid US$
5 Year Covrage 105.21% 22.90% 20.16% 21.43% 17.37% 16.75% 17.57% 12.04% 23.33% 5 Year Covrage US$
Dividend Coverage Ratio 9.57 5.33 4.67 3.14 2.65 12.06 3.46 0.80 4.90 3.76 6.51 257.60 1.14 4.21 <-Median-> 10 Dividend Coverage Ratio US$
5 Year of Covereage 4.31 5.72 5.14 4.12 4.45 4.51 4.16 6.02 3.12 5 Year of Coverage US$
-$266 $0 $0 $0 $0 $318
-$67 $0 $0 $0 $0 $0 $0 $0 $0 $0 $318
Free Cash Flow MS US$ old $23 $67 $80 $79.4 $58.9 $61.2 $252.0 $109.1 $28.0 Free Cash Flow MS US$ old US$
Change 191.30% 19.40% -0.75% -25.82% 3.90% 311.76% -56.72% -74.33% Change US$
Free Cash Flow MS US$ $18 $30.0 $30.0 $60.0 $90.0 $110.0 $50.0 $160.0 $190.0 $200.0 $190 $210 $318 $289 $316 960.67% <-Total Growth 10 Free Cash Flow MS US$ US$
Change -69.49% 66.67% 0.00% 100.00% 50.00% 22.22% -54.55% 220.00% 18.75% 5.26% -5.00% 10.53% 51.52% -9.15% 9.44% 14.74% <-IRR #YR-> 5 Free Cash Flow MS 98.88% US$
FCF/CF from Op Ratio 0.31 0.37 0.34 0.55 0.78 1.11 0.46 0.55 1.14 1.89 0.68 0.74 0.71 0.69 0.70 26.64% <-IRR #YR-> 10 Free Cash Flow MS 960.67% US$
Dividends paid $0.00 $14.32 $7 $15 $17 $18.78 $22.04 $22.04 $31.21 $31.21 $39.06 $43.83 $48.89 $49.83 $55.77 598.37% <-Total Growth 10 Dividends paid US$
Percentage paid 23.33% 25.00% 18.89% 17.07% 44.09% 13.78% 16.42% 15.60% 20.56% 20.87% 15.36% 17.23% 17.63% 17.98% <-Median-> 10 Percentage paid US$
5 Year Covrage 23.48% 20.18% 18.51% 17.65% 18.42% 17.61% 17.52% 17.63% 17.93% 5 Year Covrage US$
Dividend Coverage Ratio 4.29 4.00 5.29 5.86 2.27 7.26 6.09 6.41 4.86 4.79 6.51 5.80 5.67 5.58 <-Median-> 10 Dividend Coverage Ratio US$
5 Year of Covereage 4.26 4.95 5.40 5.67 5.43 5.68 5.71 5.67 5.58 5 Year of Coverage US$
-$160 $0 $0 $0 $0 $318
-$30 $0 $0 $0 $0 $0 $0 $0 $0 $0 $318
Market Cap US$ $781 $923 $1,453 $1,702 $2,511 $2,464 $3,861 $5,961 $8,647 $5,420 $7,243 $8,195 $7,110 $7,069 $7,069 $7,069 389.30% <-Total Growth 10 Market Cap  US$
Market Cap CDN$ $830 $1,076 $2,009 $2,285 $3,158 $3,371 $5,016 $7,594 $10,942 $7,333 $9,591 $11,788 $9,757 $9,628 $9,628 $9,628 385.68% <-Total Growth 10 Market Cap CDN$
Diluted # of Shares in Millions 33.262 36.309 36.425 36.366 36.559 36.571 38.662 43.184 44.401 44.494 44.795 44.795 45.754 45.732 25.61% <-Total Growth 10 Diluted
Change 9.50% 9.16% 0.32% -0.16% 0.53% 0.03% 5.72% 11.70% 2.82% 0.21% 0.68% 0.00% 2.14% -0.05% 0.60% <-Median-> 10 Change
Difference Diluted/Basic -1.0% -1.1% -1.1% -1.1% -1.8% -1.7% -1.1% -1.0% -1.3% -0.7% -0.5% -0.5% -0.5% -0.6% -1.05% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 32.928 35.917 36.013 35.966 35.909 35.952 38.225 42.756 43.841 44.175 44.556 44.556 45.527 45.462 26.42% <-Total Growth 10 Average
Change 8.80% 9.08% 0.27% -0.13% -0.16% 0.12% 6.32% 11.85% 2.54% 0.76% 0.86% 0.00% 2.18% -0.14% 0.81% <-Median-> 10 Change
Difference Basic/Outstanding 8.7% -0.3% -0.2% -0.3% 0.0% 0.1% 8.6% 1.9% 0.4% 0.1% 0.3% 1.6% 0.4% 0.5% 0.34% <-Median-> 10 Difference Basic/Outstanding
Preferred Shares 0.000 0.000 0.000 0.000 0.000 0.000 Preferred Shares
Multiple Voting 1.326 1.326 1.326 1.326 1.326 1.326 Multiple Voting
Subordinate Voting 34.476 34.481 34.613 34.517 34.591 34.654 Subordinate Voting
Pre-Split '05
# of Share in Millions 35.802 35.807 35.939 35.843 35.916 35.980 41.496 43.588 44.013 44.226 44.682 45.269 45.712 45.712 45.712 45.712 2.43% <-IRR #YR-> 10 Shares 27.19% Q3 TD B
Change in number 5.732 0.005 0.132 -0.096 0.074 0.064 5.516 2.092 0.425 0.213 0.456 0.586 0.443 0.000 0.000 0.000
Change in % 19.06% 0.01% 0.37% -0.27% 0.21% 0.18% 15.33% 5.04% 0.98% 0.48% 1.03% 1.31% 0.98% 0.00% 0.00% 0.00% 0.96% <-IRR #YR-> 5 Shares 4.87%
Pre-split '15 $116.3 $159.1
CF fr Op $M US$ $58.92 $80.60 $87.09 $109.01 $115.64 $99.46 $107.81 $291.77 $167.27 $105.89 $280.36 $285.67 $445.94 $421.3 $450.2 412.05% <-Total Growth 10 Cash Flow US$
Increase 12.90% 36.80% 8.05% 25.16% 6.08% -13.99% 8.39% 170.63% -42.67% -36.69% 164.76% 1.90% 56.10% -5.53% 6.86% SO, S Issu Buy Backs
5 year Running Average $50.2 $58.1 $63.9 $77.6 $90.2 $98.4 $103.8 $144.7 $156.4 $154.4 $190.6 $226.2 $257.0 $307.8 $376.7 302.31% <-Total Growth 10 CF 5 Yr Running US$
CFPS US$ $1.65 $2.25 $2.42 $3.04 $3.22 $2.76 $2.60 $6.69 $3.80 $2.39 $6.27 $6.31 $9.76 $9.22 $9.85 302.57% <-Total Growth 10 Cash Flow per Share US$
Increase -5.17% 36.78% 7.66% 25.50% 5.86% -14.14% -6.02% 157.65% -43.22% -37.00% 162.06% 0.58% 54.59% -5.53% 6.86% 17.74% <-IRR #YR-> 10 Cash Flow 412.05% US$
5 year Running Average $1.61 $1.78 $1.88 $2.22 $2.52 $2.74 $2.81 $3.66 $3.82 $3.65 $4.35 $5.09 $5.71 $6.79 $8.28 8.86% <-IRR #YR-> 5 Cash Flow 52.84% US$
P/CF on Med Price 10.87 10.77 13.51 14.09 18.62 27.49 33.39 15.16 44.40 63.91 22.98 26.85 18.36 17.15 0.00 14.94% <-IRR #YR-> 10 Cash Flow per Share 302.57% US$
P/CF on Closing Price 26.16 11.45 16.68 15.61 21.72 24.77 35.81 20.43 51.70 51.18 25.83 28.68 15.94 16.78 15.70 7.82% <-IRR #YR-> 5 Cash Flow per Share 45.74% US$
-32.65% Diff M/C 11.73% <-IRR #YR-> 5 CFPS 5 yr Running 203.15% US$
Pre-split '15 -$17.55 -$28.35
Excl.Working Capital CF -$8.89 -$14.36 -$32.2 -$15.7 $7.8 $51.4 -$11.1 -$89.5 $91.4 $175.1 $10.0 $59.2 -$42.2 $0.0 $0.0 9.27% <-IRR #YR-> 5 CFPS 5 yr Running 55.79% US$
CF fr Op $M WC US$ $50.0 $66.2 $54.9 $93.3 $123.4 $150.9 $96.7 $202.2 $258.7 $281.0 $290.3 $344.9 $403.7 $421.3 $450.2 635.02% <-Total Growth 10 Cash Flow less WC US$
Increase 22.13% 32.40% -17.07% 69.77% 32.35% 22.24% -35.91% 109.13% 27.91% 8.62% 3.33% 18.79% 17.07% 4.34% 6.86% 22.08% <-IRR #YR-> 10 Cash Flow less WC 635.02% US$
5 year Running Average $44.4 $50.9 $52.7 $61.1 $77.6 $97.7 $103.8 $133.3 $166.4 $197.9 $225.8 $275.4 $315.7 $348.2 $382.1 14.83% <-IRR #YR-> 5 Cash Flow less WC 99.65% US$
CFPS Excl. WC US$ $1.40 $1.85 $1.53 $2.60 $3.44 $4.19 $2.33 $4.64 $5.88 $6.35 $6.50 $7.62 $8.83 $9.22 $9.85 19.61% <-IRR #YR-> 10 CF less WC 5 Yr Run 499.33% US$
Increase 2.58% 32.38% -17.37% 70.23% 32.08% 22.03% -44.43% 99.09% 26.67% 8.09% 2.28% 17.25% 15.94% 4.34% 6.86% 18.82% <-IRR #YR-> 5 CF less WC 5 Yr Run 136.85% US$
5 year Running Average $1.42 $1.57 $1.57 $1.75 $2.16 $2.72 $2.82 $3.44 $4.10 $4.68 $5.14 $6.20 $7.04 $7.70 $8.40 19.17% <-IRR #YR-> 10 CFPS - Less WC 477.88% US$
P/CF on Median Price 12.80 13.11 21.42 16.47 17.44 18.12 37.22 21.87 28.71 24.09 22.20 22.24 20.28 17.15 0.00 13.74% <-IRR #YR-> 5 CFPS - Less WC 90.37% US$
P/CF on Close Price 15.61 13.93 26.45 18.25 20.35 16.33 39.93 29.48 33.43 19.29 24.95 23.76 17.61 16.78 15.70 16.18% <-IRR #YR-> 10 CFPS 5 yr Running 348.19% US$
CF/-WC P/CF Med 10 yr 24.92 5 yr  26.85 P/CF Med 10 yr 22.03 5 yr  22.24 -23.83% Diff M/C 15.38% <-IRR #YR-> 5 CFPS 5 yr Running 104.50% US$
CF fr Op $M CDN$ $62.7 $93.5 $120.6 $146.4 $145.1 $135.7 $140.0 $371.5 $212.1 $143.4 $370.8 $411.1 $611.2 $575.0 $614.4 406.82% <-Total Growth 10 Cash Flow CDN$
Increase 20.46% 49.21% 28.98% 21.36% -0.89% -6.47% 3.20% 165.30% -42.91% -32.37% 158.54% 10.86% 48.69% -5.93% 6.86% SO, S Issu Buy Backs
5 year Running Average $51.5 $61.6 $74.1 $95.0 $113.6 $128.2 $137.5 $187.7 $200.9 $200.5 $247.6 $301.8 $349.7 $422.3 $516.5 372.20% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $1.75 $2.61 $3.36 $4.08 $4.04 $3.77 $3.37 $8.52 $4.82 $3.24 $8.30 $9.08 $13.37 $12.58 $13.44 298.46% <-Total Growth 10 Cash Flow per Share CDN$
Increase 1.18% 49.19% 28.50% 21.69% -1.09% -6.63% -10.52% 152.57% -43.46% -32.70% 155.90% 9.42% 47.25% -5.93% 6.86% 17.62% <-IRR #YR-> 10 Cash Flow 406.82% CDN$
5 year Running Average $1.65 $1.88 $2.17 $2.71 $3.17 $3.57 $3.72 $4.76 $4.91 $4.75 $5.65 $6.79 $7.76 $9.31 $11.35 10.47% <-IRR #YR-> 5 Cash Flow 64.54% CDN$
P/CF on Median Price 10.61 10.60 12.29 14.44 19.20 25.76 34.55 16.01 44.38 59.57 23.52 25.86 18.50 17.26 0.00 14.83% <-IRR #YR-> 10 Cash Flow per Share 298.46% CDN$
P/CF on Close Price 13.24 11.50 16.66 15.61 21.77 24.84 35.83 20.44 51.60 51.13 25.87 28.68 15.96 16.75 15.67 9.43% <-IRR #YR-> 5 Cash Flow per Share 56.89% CDN$
-32.04% Diff M/C 13.61% <-IRR #YR-> 10 CFPS 5 yr Running 258.24% CDN$
Excl.Working Capital CF -$9.5 -$16.7 -$44.5 -$21.1 $9.8 $70.1 -$14.4 -$114.0 $115.9 $237.1 $13.2 $85.2 -$57.8 $0.0 $0.0 10.28% <-IRR #YR-> 5 CFPS 5 yr Running 63.14% CDN$
CF fr Op $M WC CDN$ $53.2 $76.8 $76.1 $125.2 $154.8 $205.8 $125.6 $257.5 $327.9 $380.5 $384.0 $496.2 $553.4 $575.0 $614.4 627.51% <-Total Growth 10 Cash Flow less WC CDN$
Increase 30.31% 44.41% -1.01% 64.62% 23.66% 32.93% -38.98% 105.01% 27.37% 16.04% 0.91% 29.23% 11.52% 3.90% 6.86% 21.95% <-IRR #YR-> 10 Cash Flow less WC 627.51% CDN$
5 year Running Average $45.5 $53.9 $59.9 $74.4 $97.2 $127.8 $137.5 $173.8 $214.3 $259.5 $295.1 $369.2 $428.4 $477.8 $524.6 16.54% <-IRR #YR-> 5 Cash Flow less WC 114.93% CDN$
CFPS Excl. WC CDN$ $1.49 $2.15 $2.12 $3.49 $4.31 $5.72 $3.03 $5.91 $7.45 $8.60 $8.59 $10.96 $12.11 $12.58 $13.44 21.75% <-IRR #YR-> 10 CF less WC 5 Yr Run 615.76% CDN$
Increase 9.45% 44.39% -1.37% 65.06% 23.40% 32.70% -47.09% 95.17% 26.13% 15.48% -0.12% 27.56% 10.44% 3.90% 6.86% 19.78% <-IRR #YR-> 5 CF less WC 5 Yr Run 146.51% CDN$
5 year Running Average $1.46 $1.65 $1.77 $2.12 $2.71 $3.56 $3.73 $4.49 $5.28 $6.14 $6.72 $8.30 $9.54 $10.57 $11.54 19.05% <-IRR #YR-> 10 CFPS - Less WC 471.97% CDN$
P/CF on Median Price 12.50 12.89 19.48 16.88 17.98 16.98 38.52 23.09 28.70 22.45 22.71 21.42 20.43 17.26 0.00 15.43% <-IRR #YR-> 5 CFPS - Less WC 104.94% CDN$
P/CF on Close Price 15.60 14.00 26.41 18.25 20.40 16.38 39.94 29.49 33.37 19.27 24.98 23.75 17.63 16.75 15.67 18.35% <-IRR #YR-> 10 5 yr Running 438.91% CDN$
*Operational Cash Flow per share  CF/-WC P/CF Med 10 yr 24.64 5 yr  25.86 P/CF Med 10 yr 21.94 5 yr  22.45 -23.66% Diff M/C 16.27% <-IRR #YR-> 5 5 yr Running 112.46% CDN$
-$3.36 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.37 Cash Flow per Share CDN$
-$8.52 $0.00 $0.00 $0.00 $0.00 $13.37 Cash Flow per Share CDN$
-$2.17 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.76 CFPS 5 yr Running CDN$
-$4.76 $0.00 $0.00 $0.00 $0.00 $7.76 CFPS 5 yr Running CDN$
-$76 $0 $0 $0 $0 $0 $0 $0 $0 $0 $553 Cash Flow less WC CDN$
-$257 $0 $0 $0 $0 $553 Cash Flow less WC CDN$
-$60 $0 $0 $0 $0 $0 $0 $0 $0 $0 $428 CF less WC 5 Yr Run CDN$
-$174 $0 $0 $0 $0 $428 CF less WC 5 Yr Run CDN$
-$2.12 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.11 CFPS - Less WC CDN$
-$5.91 $0.00 $0.00 $0.00 $0.00 $12.11 CFPS - Less WC CDN$
-$1.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.54 CFPS 5 yr Running CDN$
-$4.49 $0.00 $0.00 $0.00 $0.00 $9.54 CFPS 5 yr Running CDN$
Accounts receivable -$33.613 -$22.052 $2.892 -$21.077 -$15.029 -$37.100 -$17.396 $8.908 -$86.943 -$69.671 -$93.822 -$42.306 $59.594
Inventories -$1.226 -$3.415 -$6.108 -$4.542 -$0.821 -$5.780 -$7.107 -$44.235 -$15.505 -$71.517 $22.240 -$19.414
Prepaid expenses and other current assets -$2.982 -$4.704 -$1.045 -$1.796 -$3.656 -$6.152 -$1.033 -$1.618 -$8.591 $0.266 -$4.840 -$15.026
Accounts payable -$2.455 $19.287 -$1.166 -$0.072 $5.013 -$3.249 $0.858 $13.710 -$10.363 $11.545 -$17.063 $14.216 -$32.151
Accrued liabilities $44.447 $46.769 $21.130 $21.052 -$2.854 $12.462 $7.228 $72.270 $12.329 -$8.844 $25.910 $2.096
Income tax payable -$0.421 -$10.264 $11.402 $12.929 -$13.460 -$5.142 $4.644 $4.642 -$4.783 -$13.819 $10.815 $6.290
Unearned revenues $0.901 $3.625 $2.395 $10.194 $4.611 -$6.330 $11.808 $13.055 $18.075 $3.821 $39.956 -$9.127
Other liabilities $12.901 -$0.897 $3.239 -$0.817 $18.598 $1.257 $13.069 $22.808 $17.662 -$26.842 $11.176 $23.438
Contingent acquisition consideration paid -$0.579 -$0.122 -$0.193 -$1.383 -$0.962 $0.000 -$13.273 $0.000 -$4.334 -$19.355 -$12.134
Other   $26.886
                         
Sum $17.552 $28.349 $32.160 $15.749 -$7.791 -$51.417 $11.109 $89.540 -$91.392 -$175.061 -$9.962 -$59.188 $42.195 Sum
Google --> Morningstar -> TD $28.35 $32.16 $15.75 -$8 -$51 $11 $90 -$91 -$175 -$10 -$59 $42 Google --> Morningstar
Difference $0.00 $0.00 $0.00 $0 $0 $0 $0 $0 $0 $0 $0 $0 Difference
Morningstar $18 -$7 $32 $16 Morningstar
Difference $0 $35 $0 $0 Difference
TD -$7.00 $32 $16 -$6
$35 $0 $0 -$2
OPM 4.96% 5.86% 6.89% 7.35% 6.78% 5.15% 4.48% 10.52% 5.15% 2.83% 6.47% 5.48% 8.11% 7.22% 17.74% <-Total Growth 10 OPM CDN$
Increase 11.06% 18.12% 17.56% 6.69% -7.76% -24.05% -13.04% 135.00% -51.08% -45.09% 128.80% -15.34% 48.13% -11.02% Should increase  or be stable. CDN$
Diff from Ave -16.9% -1.9% 15.4% 23.1% 13.5% -13.8% -25.0% 76.2% -13.8% -52.7% 8.3% -8.3% 35.8% 20.9% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 5.97% 5 Yrs 5.48% should be  zero, it is a   check on calculations CDN$
$564 <-12 mths 0.12%
Adjusted EBITDA US$ $78.91 $74.10 $103.04 $130.32 $159.31 $190.61 $235.18 $283.72 $327.38 $352.73 $415.73 $513.69 $562.80 $599.8 $634.8 446.21% <-Total Growth 10 Adjusted EBITDA US$
Change -0.02% -6.10% 39.05% 26.48% 22.24% 19.65% 23.38% 20.64% 15.39% 7.75% 17.86% 23.56% 9.56% 6.57% 5.84% 20.14% <-Median-> 10 Change US$
Margin 6.65% 5.39% 8.15% 8.79% 9.34% 9.87% 9.77% 10.23% 10.08% 9.42% 9.59% 9.85% 10.24% 10.28% 10.21% 9.81% <-Median-> 10 Margin US$
$349 <-12 mths 3.30%
EBIT US$ $169.40 $201.60 $219.00 $244.90 $337.50 $338.10 $6,365.60 $410.80 <-Total Growth 5 EBIT US$ Mkt Sc US$
Change 19.01% 8.63% 11.83% 37.81% 0.18% 1782.76% -93.55% 11.83% <-Median-> 5 Change US$
Margin 6.11% 6.20% 5.85% 5.65% 6.47% 6.15% 109.06% 6.61% 6.13% <-Median-> 6 Margin US$
Long Term Debt US$ $221.63 $197.16 $249.87 $266.87 $330.61 $761.08 $533.13 $595.37 $698.80 $1,144.98 $1,257.14 $1,069.03 $1,191.44 Debt US$
Change -11.04% 26.73% 6.81% 23.88% 130.21% -29.95% 11.67% 17.37% 63.85% 9.80% -14.96% 11.45% 14.52% <-Median-> 10 Change US$
Debt/Market Cap Ratio 0.24 0.14 0.15 0.11 0.13 0.20 0.09 0.07 0.13 0.16 0.15 0.15 0.17 0.14 <-Median-> 10 Debt/Market Cap Ratio US$
Assets/Current Liabilities Ratio 2.60 4.62 4.22 4.11 4.44 5.46 4.04 4.06 4.36 4.70 4.93 4.86 4.83 4.40 <-Median-> 10 Assets/Current Liab Ratio US$
Current Liabilities/Asset Ratio 0.38 0.22 0.24 0.24 0.23 0.18 0.25 0.25 0.23 0.21 0.20 0.21 0.21 0.23 <-Median-> 10 Current Liab/Asset Ratio US$
Debt to Cash Flow (Years) 2.75 2.26 2.29 2.31 3.32 7.06 1.83 3.56 6.60 4.08 4.40 2.40 2.83 3.44 <-Median-> 10 Debt to Cash Flow (Years) US$
Long Term Debt CDN$ $257.12 $273.01 $335.50 $334.79 $451.02 $988.49 $678.78 $754.81 $946.45 $1,514.34 $1,808.90 $1,465.21 $1,626.07 Debt CDN$
Change 6.18% 22.89% -0.21% 34.71% 119.17% -31.33% 11.20% 25.39% 60.00% 19.45% -19.00% 10.98% 21.17% <-Median-> 10 Change CDN$
Debt/Market Cap Ratio 0.24 0.14 0.15 0.11 0.13 0.20 0.09 0.07 0.13 0.16 0.15 0.15 0.17 0.14 <-Median-> 10 Debt/Market Cap Ratio CDN$
Assets/Current Liabilities Ratio 2.60 4.62 4.22 4.11 4.44 5.46 4.04 4.06 4.36 4.70 4.93 4.86 4.83 4.40 <-Median-> 10 Assets/Current Liab Ratio CDN$
Current Liabilities/Asset Ratio 0.38 0.22 0.24 0.24 0.23 0.18 0.25 0.25 0.23 0.21 0.20 0.21 0.21 0.23 <-Median-> 10 Current Liab/Asset Ratio CDN$
Debt to Cash Flow (Years) 2.75 2.26 2.29 2.31 3.32 7.06 1.83 3.56 6.60 4.08 4.40 2.40 2.83 3.44 <-Median-> 10 Debt to Cash Flow (Years) CDN$
Intangibles US$ $79.5 $121.1 $133.8 $148.8 $366.2 $378.8 $382.1 $368.5 $628.0 $715.5 -100.00% <-Total Growth 9 Intangibles US$
Goodwill US$ $220.6 $266.2 $291.9 $484.0 $644.8 $703.7 $843.4 $886.1 $1,179.8 $1,395.4 -100.00% <-Total Growth 9 Goodwill US$
Pre-split '15 $604.4 $701.3 #DIV/0! <-Total Growth -1 US$
Total US$ $306.2 $355.3 $300.1 $387.3 $425.8 $632.8 $1,011.1 $1,082.5 $1,225.5 $1,254.5 $1,807.8 $2,110.9 $2,186.2 $2,191.1 628.43% <-Total Growth 10 Total US$
Change 4.09% 16.04% -15.54% 29.04% 9.94% 48.62% 59.79% 7.06% 13.21% 2.37% 44.10% 16.76% 3.57% 0.23% 14.98% <-Median-> 10 Change US$
Intangible/Market Cap Ratio 0.39 0.39 0.21 0.23 0.17 0.26 0.26 0.18 0.14 0.23 0.25 0.26 0.31 0.31 0.24 <-Median-> 10 % of Market C. US$
Intangibles CDN$ $110.1 $162.6 $167.9 $203.0 $475.7 $482.2 $484.4 $499.0 $830.6 $1,029.5 -100.00% <-Total Growth 9 Intangibles
Goodwill CDN$ $305.5 $357.4 $366.2 $660.2 $837.5 $896.0 $1,069.2 $1,200.1 $1,560.4 $2,007.8 -100.00% <-Total Growth 9 Goodwill
Total CDN$ $325.7 $412.2 $415.6 $520.0 $534.1 $863.2 $1,313.2 $1,378.2 $1,553.6 $1,699.1 $2,391.0 $3,037.3 $2,996.4 $2,990.4 620.99% <-Total Growth 10 Total CDN$
Change 11.07% 26.57% 0.81% 25.12% 2.72% 61.61% 52.13% 4.95% 12.73% 9.36% 40.72% 27.03% -1.35% -0.20% 18.92% <-Median-> 10 Change CDN$
Intangible/Market Cap Ratio 0.39 0.38 0.21 0.23 0.17 0.26 0.26 0.18 0.14 0.23 0.25 0.26 0.31 0.31 0.24 <-Median-> 10 % of Market C. CDN$
Pre-split '15 $615.26 $707.82
Current Assets US$ $311.75 $358.65 $236.42 $303.79 $321.32 $415.07 $668.14 $819.32 $964.66 $1,108.87 $1,361.00 $1,559.35 $1,503.78 $1,601.36 Liquidity ratio of 1.5 and up, best US$
Pre-split '15 $570.16 $630.16
Current Liabilities $288.90 $319.30 $130.10 $182.82 $204.03 $226.95 $358.21 $543.75 $618.47 $636.99 $770.77 $850.77 $882.15 $907.94 1.72 <-Median-> 10 Ratio US$
Liquidity 1.08 1.12 1.82 1.66 1.57 1.83 1.87 1.51 1.56 1.74 1.77 1.83 1.70 1.76 1.74 <-Median-> 5 Ratio US$
Pre-split '15 $1,443.5 $1,639.4
Assets US$ $731.43 $830.70 $600.48 $770.96 $837.73 $1,007.47 $1,955.47 $2,196.54 $2,509.02 $2,774.51 $3,625.74 $4,194.85 $4,283.71 $4,385.36 Debt Ratio of 1.5 and up, best US$
Pre-split '15 $1,194.5 $1,406.2
Liabilities $605.23 $712.53 $355.90 $487.58 $516.79 $619.66 $1,354.92 $1,343.11 $1,490.17 $1,633.62 $2,268.63 $2,557.77 $2,907.71 $3,045.87 1.62 <-Median-> 10 Ratio US$
Debt Ratio 1.21 1.17 1.69 1.58 1.62 1.63 1.44 1.64 1.68 1.70 1.60 1.64 1.47 1.44 1.64 <-Median-> 5 Ratio US$
Check  $126.2 $118.2 $244.6 $283.4 $320.9 $387.8 $600.5 $853.4 $1,018.9 $1,140.9 $1,357.1 $1,637.1 $2,907.7 $1,339.5
Estimates BVPS $33.35 $37.07 Estimates Estimates BVPS US$
Estimate Book Value $1,524.5 $1,694.5 Estimates Estimate Book Value US$
P/B Ratio (Close) 4.64 4.17 Estimates P/B Ratio (Close) US$
Difference from 10 year median -45.24% Diff M/C Estimates Difference from 10 yr med. US$
Total Equity US$ $126.2 $118.2 $244.6 $283.4 $320.9 $387.8 $600.5 $853.4 $1,018.9 $1,140.9 $1,357.1 $1,637.1 $1,375.999 $1,339.5 462.59% <-Total Growth 10 Book Value US$
Change -36.45% -6.36% 106.98% 15.86% 13.25% 20.84% 54.86% 42.11% 19.38% 11.98% 18.95% 20.63% -15.95% -2.65% 0.19 <-Median-> 0 Change
Pre-split '15 $7.1 $8.0 #DIV/0! <-Total Growth -1 Pre-split '15
Non-control int.US$ $3.61 $4.06 $77.56 $102.4 $117.7 $151.6 $174.7 $193.0 $219.1 $233.4 $333.0 $449.3 $486.2 $0.0 526.87% <-Total Growth 10 Non-control int.US$ US$
Pre-split '15 $0.0 $0.0 #DIV/0! <-Total Growth -1 Pre-split '15
Preferred Shares US$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 #DIV/0! <-Total Growth 10 Preferred Shares US$ US$
Pre-split '15
Book Value US $122.6 $114.1 $167.0 $181.0 $203.2 $236.2 $425.9 $660.4 $799.7 $907.5 $1,024.1 $1,187.7 $889.8 $1,339.5 $1,339.5 $1,339.5 432.74% <-Total Growth 10 Book Value US$
Book Value per Share $3.42 $3.19 $4.65 $5.05 $5.66 $6.57 $10.26 $15.15 $18.17 $20.52 $22.92 $26.24 $19.47 $29.30 $29.30 $29.30 318.84% <-Total Growth 10 Book Value per Share US$
Change 86.12% -6.92% 45.83% 8.67% 12.04% 16.03% 56.32% 47.62% 19.93% 12.92% 11.71% 14.47% -25.81% 50.54% 0.00% 0.00% -37.68% P/B Ratio Current/10 Year Median US$
P/B Ratio (Median) 5.22 7.61 7.04 8.49 10.59 11.58 8.45 6.70 9.29 7.46 6.29 6.46 9.20 5.39 7.04 P/B Ratio Historical Median US$
P/B Ratio (Close) 6.37 8.09 8.70 9.40 12.36 10.43 9.07 9.03 10.81 5.97 7.07 6.90 7.99 5.28 5.28 5.28 15.40% <-IRR #YR-> 10 Book Value per Share 318.84% US$
Change -18.15% 26.93% 7.58% 8.06% 31.44% -15.59% -13.09% -0.43% 19.79% -44.76% 18.40% -2.44% 15.81% -33.95% 0.00% 0.00% 5.14% <-IRR #YR-> 5 Book Value per Share 28.48% US$
Leverage (A/BK) 5.80 7.03 2.46 2.72 2.61 2.60 3.26 2.57 2.46 2.43 2.67 2.56 3.11 3.27 2.60 <-Median-> 10 A/BV US$
Debt/Equity Ratio 4.80 6.03 1.46 1.72 1.61 1.60 2.26 1.57 1.46 1.43 1.67 1.56 2.11 2.27 1.60 <-Median-> 10 Debt/Eq Ratio US$
P/BV 10 yr Med 8.47 5 yr Med 7.46 -37.68% Diff M/C
-$4.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $19.47
-$15.15 $0.00 $0.00 $0.00 $0.00 $19.47
Pre-split '15
Current Assets CDN$ $331.58 $416.07 $327.39 $407.90 $403.10 $566.24 $867.78 $1,043.15 $1,223.00 $1,501.86 $1,800.06 $2,243.75 $2,061.08 $2,185.54 Liquidity ratio of 1.5 and up, best CDN$
Pre-split '15
Current Liabilities $307.28 $370.42 $180.15 $245.48 $255.95 $309.60 $465.24 $692.30 $784.10 $862.74 $1,019.43 $1,224.17 $1,209.07 $1,239.15 1.72 <-Median-> 10 Ratio CDN$
Liquidity 1.08 1.12 1.82 1.66 1.57 1.83 1.87 1.51 1.56 1.74 1.77 1.83 1.70 1.76 1.74 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 1.28 1.37 2.48 2.25 2.14 2.26 2.16 2.04 1.83 1.91 2.13 2.17 2.21 2.23 2.13 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  1.17 1.37 2.48 2.25 2.14 2.26 2.16 2.04 1.83 1.91 2.13 2.17 2.21 2.23 2.13 <-Median-> 5 Ratio CDN$
Pre-split '15
Assets CDN$ $777.9 $963.7 $831.5 $1,035.2 $1,050.9 $1,374.4 $2,539.8 $2,796.6 $3,180.9 $3,757.8 $4,795.4 $6,036.0 $5,871.3 $5,985.1 Debt Ratio of 1.5 and up, best CDN$
Pre-split '15
Liabilities $643.7 $826.6 $492.8 $654.7 $648.3 $845.3 $1,759.8 $1,710.0 $1,889.2 $2,212.6 $3,000.5 $3,680.4 $3,985.3 $4,157.0 1.62 <-Median-> 10 Ratio CDN$
Debt Ratio 1.21 1.17 1.69 1.58 1.62 1.63 1.44 1.64 1.68 1.70 1.60 1.64 1.47 1.44 1.64 <-Median-> 5 Ratio CDN$
Check  $134.2 $137.1 $338.7 $380.5 $402.6 $529.1 $780.0 $1,086.6 $1,291.7 $1,545.2 $1,794.9 $2,355.6 $1,885.9 $1,828.1
Total Equity CDN$ $134.2 $137.1 $338.7 $380.5 $402.6 $529.1 $780.0 $1,086.6 $1,291.7 $1,545.2 $1,794.9 $2,355.6 $1,885.9 $1,828.1 456.84% <-Total Growth 10 Book Value CDN$
T.E. CDN$ per share $3.75 $3.83 $9.42 $10.62 $11.21 $14.70 $18.80 $24.93 $29.35 $34.94 $40.17 $52.04 $41.26 $39.99 337.79% <-Total Growth 10 Book Value per Share CDN$
P/BV (CL) 6.18 7.85 5.93 6.00 7.84 6.37 6.43 6.99 8.47 4.75 5.34 5.00 5.17 5.27 6.19 <-Median-> 10 P/BV (CL) CDN$
NCI CDN$ $3.8 $4.7 $107.4 $137.4 $147.7 $206.8 $226.9 $245.8 $277.8 $316.2 $440.4 $646.6 $666.4 $0.0 520.46% <-Total Growth 10 NCI CDN$ CDN$
Preferred Shares CDN$ $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 #DIV/0! <-Total Growth 10 Preferred Shares CDN$ CDN$
Book Value CDN$ $130.4 $132.4 $231.3 $243.1 $255.0 $322.3 $553.1 $840.8 $1,013.9 $1,229.1 $1,354.5 $1,709.0 $1,219.6 $1,828.1 $1,828.1 $1,828.1 427.30% <-Total Growth 10 Book Value per Share CDN$
Book Value per Share $3.64 $3.70 $6.44 $6.78 $7.10 $8.96 $13.33 $19.29 $23.04 $27.79 $30.31 $37.75 $26.68 $39.99 $39.99 $39.99 314.56% <-Total Growth 10 Book Value per Share CDN$
Change 98.58% 1.52% 74.07% 5.38% 4.68% 26.17% 48.83% 44.71% 19.42% 20.64% 9.08% 24.54% -29.33% 49.90% 0.00% 0.00% -39.61% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 5.10 7.48 6.41 8.70 10.92 10.85 8.75 7.07 9.28 6.95 6.44 6.22 9.27 5.43 6.41 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 6.37 8.12 8.69 9.40 12.39 10.46 9.07 9.03 10.79 5.97 7.08 6.90 8.00 5.27 5.27 5.27 15.28% <-IRR #YR-> 10 Book Value per Share 314.56% CDN$
Change -17.96% 27.63% 6.91% 8.21% 31.79% -15.55% -13.30% -0.41% 19.49% -44.71% 18.68% -2.59% 16.00% -34.17% 0.00% 0.00% 6.70% <-IRR #YR-> 5 Book Value per Share 38.30% CDN$
Leverage (A/BK) 5.80 7.03 2.46 2.72 2.61 2.60 3.26 2.57 2.46 2.43 2.67 2.56 3.11 3.27 2.60 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 4.80 6.03 1.46 1.72 1.61 1.60 2.26 1.57 1.46 1.43 1.67 1.56 2.11 2.27 1.60 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/B Ratios 10 yr Med 8.72 5 yr Med 6.95 -39.61% Diff M/C 3.02 Historical Leverage (A/BK)
-$6.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $26.68
-$19.29 $0.00 $0.00 $0.00 $0.00 $26.68
$116.9 <-12 mths 30.05%
Pre-split '15 $31.92 $39.29
Comprehensive Income US$ $16.17 $19.91 $34.07 $54.71 $78.59 $87.66 -$224.97 $112.19 $155.95 $137.13 $148.57 $179.72
Pre-split '15 $57.80 $36.62
NCI $29.28 $18.55 $16.80 $20.65 $23.60 $24.42 $23.60 $22.33 $20.92 $23.93 $46.63 $53.40
Pre-split '15
Shareholders -$13.11 $1.35 $17.27 $34.06 $54.99 $63.24 -$248.57 $89.86 $135.03 $113.19 $101.94 $126.32 -100% <-Total Growth 9 Comprehensive Income US$
Increase -311.76% 110.33% 1175.65% 97.22% 61.45% 15.00% -493.04% 136.15% 50.26% -16.17% -9.94% 23.92% 6.99% <-Median-> 4 Comprehensive Income US$
5 Yr Running Average $14.67 $15.01 $12.24 $9.15 $18.91 $34.18 -$15.80 -$1.28 $18.91 $30.55 $38.29 $113.27 #NUM! <-IRR #YR-> 9 Comprehensive Income -100.00% US$
ROE US$ -10.7% 1.2% 10.3% 18.8% 27.1% 26.8% -58.4% 13.6% 16.9% 12.5% 10.0% 10.6% #NUM! <-IRR #YR-> 4 Comprehensive Income -100.00% US$
5Yr Median 11.2% 11.2% 10.3% 10.3% 10.3% 18.8% 18.8% 18.8% 16.9% 13.6% 12.5% 12.5% #NUM! <-IRR #YR-> 9 5 Yr Running Average -100.00% US$
% Difference from NI -22.15% -93.83% -19.28% 1.38% 3.61% -3.98% 1.21% 2.98% -0.14% -6.51% 1.54% -6.00% #NUM! <-IRR #YR-> 4 5 Yr Running Average 100.00% US$
Median Values Diff 5, 10 yr 0.5% -0.1% 11.6% <-Median-> 4 Comprehensive Income US$
-$1.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $126.3
$248.6 $0.0 $0.0 $0.0 $0.0 $126.3
-$15.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $113.3
$15.8 $0.0 $0.0 $0.0 $0.0 $113.3
Current Liability Coverage Ratio US$ 0.17 0.21 0.42 0.51 0.60 0.66 0.27 0.37 0.42 0.44 0.38 0.41 0.46 0.46   CFO / Current Liabilities US$
5 year Median 0.17 0.17 0.17 0.21 0.42 0.51 0.51 0.51 0.42 0.42 0.38 0.41 0.42 0.44 0.42 <-Median-> 5 Current Liability Cov Ratio US$
Asset Efficiency Ratio US$ 6.84% 7.97% 9.15% 12.10% 14.73% 14.98% 4.95% 9.21% 10.31% 10.13% 8.01% 8.22% 9.43% 9.61% CFO / Total Assets US$
5 year Median 6.84% 7.97% 7.97% 7.97% 9.15% 12.10% 12.10% 12.10% 10.31% 10.13% 9.21% 9.21% 9.43% 9.43% 9.4% <-Median-> 5 Return on Assets  US$
Return on Assets ROA US$ -1.47% 2.64% 3.56% 4.36% 6.34% 6.54% -12.87% 3.97% 5.39% 4.36% 2.77% 3.20% 3.39% 3.97% Net  Income/Assets Return on Assets US$
5Yr Median -0.28% 0.31% 2.64% 2.64% 3.56% 4.36% 4.36% 4.36% 5.39% 4.36% 3.97% 3.97% 3.39% 3.39% 3.4% <-Median-> 5 Asset Efficiency Ratio US$
Return on Equity ROE US$ -8.76% 19.23% 12.81% 18.56% 26.12% 27.88% -59.08% 13.21% 16.91% 13.34% 9.80% 11.31% 16.30% 13.00% Net Inc/ Shareholders' equity Return on Equity US$
5Yr Median -3.44% 6.30% 12.81% 12.81% 18.56% 19.23% 18.56% 18.56% 16.91% 13.34% 13.21% 13.21% 13.34% 13.00% 13.3% <-Median-> 5 Return on Equity US$
$156.9 <-12 mths 8.17%
Currency
Pre-split 15 $41.64 $90.94
Net Income US$ $21.10 $46.08 $38.20 $54.24 $76.67 $90.28 -$227.63 $109.59 $156.13 $145.01 $147.02 $187.77 $190.75
Pre-split 2015 $59.68 $47.62
NCI $30.24 $24.13 $16.80 $20.65 $23.59 $24.42 $23.98 $22.33 $20.92 $23.93 $46.63 $53.40 $45.70
Pre-split 2015 $3.15 $0.00
Preferred Dividends $1.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Pre-split 2015
Shareholders -$10.73 $21.95 $21.40 $33.60 $53.08 $65.87 -$251.61 $87.26 $135.21 $121.07 $100.39 $134.38 $145.05 $174 $205 577.95% <-Total Growth 10 Net Income US$
Increase 464.48% -304.47% -2.52% 57.03% 57.99% 24.09% -482.01% -134.68% 54.95% -10.46% -17.08% 33.85% 7.94% 20.03% 17.81% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average -$1.2 $8.7 $12.6 $12.9 $23.9 $39.2 -$15.5 -$2.4 $18.0 $31.6 $38.5 $115.7 $127.2 $135.0 $151.8 21.09% <-IRR #YR-> 10 Net Income 577.95% US$
Operating Cash Flow $58.92 $80.60 $87.09 $109.01 $115.64 $99.46 $107.81 $291.77 $167.27 $105.89 $280.36 $285.67 $445.94 10.70% <-IRR #YR-> 5 Net Income 66.23% US$
Pre-split 2015 -$27.30 -$156.18
Investment Cash Flow -$27.30 $147.46 -$32.28 -$130.84 -$75.92 -$106.20 -$614.97 -$142.26 -$206.32 -$160.80 -$646.33 -$323.70 -$245.20 25.97% <-IRR #YR-> 10 5 Yr Running Average 906.38% US$
Total Accruals -$42.35 -$206.12 -$33.42 $55.44 $13.36 $72.60 $255.55 -$62.24 $174.26 $175.98 $466.36 $172.40 -$55.70 #NUM! <-IRR #YR-> 5 5 Yr Running Average 5486.56% US$
Total Assets $731.4 $830.7 $600.5 $771.0 $837.7 $1,007.5 $1,955.5 $2,196.5 $2,509.0 $2,774.5 $3,625.7 $4,194.9 $4,283.7 Balance Sheet Assets US$
Accruals Ratio -5.79% -24.81% -5.57% 7.19% 1.60% 7.21% 13.07% -2.83% 6.95% 6.34% 12.86% 4.11% -1.30% 6.34% <-Median-> 5 Ratio US$
-$21.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $145.0
-$87.3 $0.0 $0.0 $0.0 $0.0 $145.0
-$12.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $127.2
$2.4 $0.0 $0.0 $0.0 $0.0 $127.2
Pre-split 2015 -$48.18 $19.10
Financial Cash Flow US$ -$24.41 $9.68 -$75.14 $19.50 -$26.33 $20.44 $561.14 -$75.20 $24.43 $18.78 $413.95 $74.41 -$263.33 C F Statement  Fin. C. F US$
Total Accruals -$17.94 -$215.79 $41.72 $35.94 $39.69 $52.16 -$305.60 $12.95 $149.83 $157.20 $52.41 $98.00 $207.63 Accruals US$
Accruals Ratio -2.45% -25.98% 6.95% 4.66% 4.74% 5.18% -15.63% 0.59% 5.97% 5.67% 1.45% 2.34% 4.85% Ratio US$
$148.2 <-12 mths 29.49%
Comprehensive Income CDN$ $17.20 $23.09 $47.18 $73.46 $98.59 $119.58 -$292.19 $142.85 $197.71 $185.72 $196.49 $258.59
NCI $31.15 $21.52 $23.27 $27.72 $29.60 $33.31 $30.65 $28.43 $26.52 $32.41 $61.67 $76.84
Shareholders -$13.95 $1.57 $23.92 $45.74 $68.99 $86.27 -$322.84 $114.41 $171.19 $153.31 $134.82 $181.76 -100% <-Total Growth 9 Comprehensive Income CDN$
Increase -325.94% 111.26% 1422.66% 91.23% 50.85% 25.05% -474.20% 135.44% 49.62% -10.45% -12.06% 34.81% 12.18% <-Median-> 4 Comprehensive Income CDN$
5 Yr Running Average $14.69 $15.08 $13.66 $12.69 $25.25 $45.30 -$19.58 -$1.49 $23.61 $40.47 $50.18 $151.10 #NUM! <-IRR #YR-> 9 Comprehensive Income -100.00% CDN$
ROE CDN$ -10.7% 1.2% 10.3% 18.8% 27.1% 26.8% -58.4% 13.6% 16.9% 12.5% 10.0% 10.6% #NUM! <-IRR #YR-> 4 Comprehensive Income -100.00% CDN$
5Yr Median 11.2% 11.2% 10.3% 10.3% 10.3% 18.8% 18.8% 18.8% 16.9% 13.6% 12.5% 12.5% #NUM! <-IRR #YR-> 9 5 Yr Running Average -100.00% CDN$
% Difference from NI -22.15% -93.83% -19.28% 1.38% 3.61% -3.98% 1.21% 2.98% -0.14% -6.51% 1.54% -6.00% #NUM! <-IRR #YR-> 4 5 Yr Running Average 100.00% CDN$
Median Values Diff 5, 10 yr 1.2% 11.6% <-Median-> 4 Comprehensive Income CDN$
-$1.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $181.8
$322.8 $0.0 $0.0 $0.0 $0.0 $181.8
-$15.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $151.1
$19.6 $0.0 $0.0 $0.0 $0.0 $151.1
Current Liability Coverage Ratio CDN$ 0.17 0.21 0.42 0.51 0.60 0.66 0.27 0.37 0.42 0.44 0.38 0.41 0.46 0.46   CFO / Current Liabilities CDN$
5 year Median 0.17 0.17 0.17 0.21 0.42 0.51 0.51 0.51 0.42 0.42 0.38 0.41 0.42 0.44 0.42 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio CDN$ 6.84% 7.97% 9.15% 12.10% 14.73% 14.98% 4.95% 9.21% 10.31% 10.13% 8.01% 8.22% 9.43% 9.61% CFO / Total Assets CDN$
5 year Median 6.84% 7.97% 7.97% 7.97% 9.15% 12.10% 12.10% 12.10% 10.31% 10.13% 9.21% 9.21% 9.43% 9.43% 9.4% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA CDN$ -1.5% 2.6% 3.6% 4.4% 6.3% 6.5% -12.9% 4.0% 5.4% 4.4% 2.8% 3.2% 3.4% 4.0% Net  Income/Assets Return on Assets CDN$
5Yr Median -0.3% 0.3% 2.6% 2.6% 3.6% 4.4% 4.4% 4.4% 5.4% 4.4% 4.0% 4.0% 3.4% 3.4% 3.4% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE CDN$ -8.8% 19.2% 12.8% 18.6% 26.1% 27.9% -59.1% 13.2% 16.9% 13.3% 9.8% 11.3% 16.3% 13.0% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median -3.4% 6.3% 12.8% 12.8% 18.6% 19.2% 18.6% 18.6% 16.9% 13.3% 13.2% 13.2% 13.3% 13.0% 13.3% <-Median-> 5 Return on Equity CDN$
$0.0 <-12 mths -100.00%
Net Income CDN$ $22.44 $53.45 $52.89 $72.83 $96.19 $123.16 -$295.65 $139.53 $197.94 $196.40 $194.45 $270.19 $261.44
NCI $32.16 $27.99 $23.27 $27.72 $29.60 $33.31 $31.14 $28.43 $26.52 $32.41 $61.67 $76.84 $62.64
Preferred Dividends $1.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Pre-split 2015
Shareholders -$11.42 $25.46 $29.63 $45.11 $66.59 $89.85 -$326.79 $111.10 $171.42 $163.98 $132.78 $193.35 $198.80 $238 $280 571.02% <-Total Growth 10 Net Income CDN$
Increase 502.29% -323.02% 16.36% 52.26% 47.61% 34.94% -463.70% -134.00% 54.30% -4.34% -19.03% 45.62% 2.82% 19.52% 17.81% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average -$1.5 $9.4 $15.0 $17.4 $31.1 $51.3 -$19.1 -$2.8 $22.4 $41.9 $50.5 $154.5 $172.1 $185.3 $208.5 20.97% <-IRR #YR-> 10 Net Income 571.02% CDN$
Operating Cash Flow $62.66 $93.50 $120.60 $146.36 $145.06 $135.68 $140.02 $371.48 $212.06 $143.42 $370.80 $411.06 $611.21 34.53% <-IRR #YR-> 5 Net Income 78.94% CDN$
Pre-split 2015
Investment Cash Flow -$29.03 $171.07 -$44.70 -$175.68 -$95.24 -$144.88 -$798.72 -$181.13 -$261.57 -$217.79 -$854.83 -$465.77 -$336.07 27.64% <-IRR #YR-> 10 5 Yr Running Ave. 1047.60% CDN$
Total Accruals -$45.05 -$239.11 -$46.27 $74.43 $16.76 $99.05 $331.90 -$79.25 $220.93 $238.35 $616.81 $248.07 -$76.34 58.18% <-IRR #YR-> 5 5 Yr Running Ave. 6184.27% CDN$
Total Assets $777.9 $963.7 $831.5 $1,035.2 $1,050.9 $1,374.4 $2,539.8 $2,796.6 $3,180.9 $3,757.8 $4,795.4 $6,036.0 $5,871.3 Balance Sheet Assets CDN$
Accruals Ratio -5.79% -24.81% -5.57% 7.19% 1.60% 7.21% 13.07% -2.83% 6.95% 6.34% 12.86% 4.11% -1.30% 6.34% <-Median-> 5 Ratio CDN$
EPS/CF Ratio -0.23 0.33 0.39 0.35 0.42 0.43 -2.82 0.44 0.52 0.43 0.34 0.39 0.36 0.41 <-Median-> 10 EPS/CF Ratio CDN$
-$29.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $198.80
-$45.1 $0.0 $0.0 $0.0 $0.0 $198.80
-$15.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $172.1
-$17.4 $0.0 $0.0 $0.0 $0.0 $172.1
Pre-split 2015
Change in Close 62.93% 29.57% 86.10% 14.03% 37.95% 6.55% 29.03% 44.11% 42.69% -33.30% 29.46% 21.31% -18.03% -1.32% 0.00% Count 31 Years of data CDN$
up/down Up Up Up Down Down Down Down Down Down Count 23 74.19% CDN$
Meet Prediction? Yes Yes Yes Yes % right Count 11 47.83% CDN$
Financial Cash Flow CDN$ -$25.96 $11.23 -$104.05 $26.18 -$33.03 $27.89 $728.81 -$95.74 $30.97 $25.44 $547.48 $107.07 -$360.92 C F Statement  Financial CF CDN$
Total Accruals -$19.08 -$250.34 $57.77 $48.25 $49.79 $71.16 -$396.91 $16.49 $189.96 $212.91 $69.32 $141.01 $284.58 Accruals CDN$
Accruals Ratio -2.45% -25.98% 6.95% 4.66% 4.74% 5.18% -15.63% 0.59% 5.97% 5.67% 1.45% 2.34% 4.85% 4.85% <-Median-> 5 Ratio CDN$
Pre-split 2015 $142.7 $156.8
Cash US$ $72.31 $79.45 $45.56 $43.38 $57.19 $79.84 $134.29 $208.94 $194.27 $194.27 $194.27 $243.69 $180.09 $180.09 Cash US$
Cash CDN$ $76.91 $92.17 $63.09 $58.25 $71.74 $108.92 $174.42 $266.02 $246.30 $263.12 $206.88 $206.88 $206.88 $245.79 Cash CDN$
Cash per Share $2.15 $2.57 $1.76 $1.63 $2.00 $3.03 $4.20 $6.10 $5.60 $5.95 $4.63 $4.57 $4.53 $5.38 $4.63 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 9.27% 8.57% 3.14% 2.55% 2.27% 3.23% 3.48% 3.50% 2.25% 3.59% 2.16% 1.76% 2.12% 2.55% 2.16% <-Median-> 5 % of Stock Price CDN$
$1.80 <-12 mths 55.13%
Adjusted EPS CDN$ $1.16 $2.96 $4.15 $4.46 -100.00% <-Total Growth 1 Earnings CDN$
Increase 41.61% 155.31% 40.43% 7.31% #NUM! <-IRR #YR-> 0 Earnings CDN$
Earnings Yield 5.0% 9.8% 7.4% 7.0% #NUM! <-IRR #YR-> 0 Earnings CDN$
5 year Running Average $0.90 $1.34 $2.01 $2.71 #NUM! <-IRR #YR-> -1 5 yr Running CDN$
P/E Med H/L 16.03 9.35 #NUM! <-IRR #YR-> -1 5 yr Running CDN$
P/E High 20.02 11.08 #NUM! <-Median-> 0 P/E High CDN$
P/E Low 12.04 7.62 #NUM! <-Median-> 0 P/E Low CDN$
P/E Close 20.01 10.15 13.46 14.30 14.30 <-Median-> 1 P/E Close CDN$
Trailing P/E Close 12.28 7.84 7.23 12.54 12.54 <-Median-> 1 P/E Close Tr CDN$
Payout Ratio 18.36% 15.69% 13.33% 12.95% 12.95% <-Median-> 1 Payout Ratio CDN$
Median  5 Yrs 12.43 Net of Unusual Items
$1.16
$1.16
$0.90
$0.90
GP CDN$ Adj. EPS $9.74 $15.69 $24.53 $26.08 $0.00 -100.00% <-Total Growth 2 GP Adj. EPS CDN$
Price/GP Ratio Med 1.91 1.76 #NUM! <-Median-> 0 Price/GP Ratio CDN$
Price/GP Ratio High 2.38 2.09 #NUM! <-Median-> 0 Price/GP Ratio CDN$
Price/GP Ratio Low 1.43 1.44 #NUM! <-Median-> 0 Price/GP Ratio CDN$
Price/GP Ratio Close 2.38 1.91 2.28 2.44 #DIV/0! #DIV/0! <-Median-> 2 Price/GP Ratio CDN$
Prem/Disc Close 137.91% 91.48% 127.92% 144.40% #DIV/0! #DIV/0! <-Median-> 2 Graham Price CDN$
When company issued preferred stock instead of dividends.
Price Close Tot. #REF! $30.04 $55.90 $63.74 -100.00% <-Total Growth 1 Stock Price CDN$
Increase #REF! #REF! 86.10% 14.03% #NUM! <-IRR #YR-> -1 Stock Price CDN$
Median 10, 5 Yrs #REF! #NUM! <-IRR #YR-> -1 Price & Dividend CDN$
This is true return as it includes Preferred shares
Only applies to shareholders #REF!
of 2008 #REF!
#REF!
#REF!
Div on Pref US$ $25.00
Div on stock* US$ Divided by Factor
Pre-split 15 $26.59
Div on Pref CND$ $13.47 Factor =  5.000 Dividends CDN$
Div on stock* CDN$ #REF! #DIV/0! <-Total Growth 0 Dividends CDN$
Increase #REF! Factor is number of Pref shares per stock
Yield H/L Price #REF! #NUM! <-Median-> 0 Dividends CDN$
Yield on Close Price #REF! #NUM! <-Median-> 0 Dividends CDN$
Payout Ratio #REF! #NUM! <-Median-> 0 DPR EPS CDN$
Payout Ratio CF #REF! #NUM! <-Median-> 0 DPR CF CDN$
Payout Ratio CF NC #REF! #NUM! <-Median-> 0 DPR CF NC CDN$
Median 5 Yrs
* Dividends per share equivalent for stock, CDN$ (paid in US$ so dividend fluctuates).
Pre-split 15
Price Close Pref Shares $0.00 11.76% <-Total Growth 7 Stock Price
Div Yield #DIV/0! 1.87% <-IRR #YR-> 6 Stock Price CDN$
Price H/L Median $0.00 5.92% <-IRR #YR-> 5 Stock Price CDN$
9.15% <-IRR #YR-> 6 Price & Div  CDN$
Pre-split 15 14.79% <-IRR #YR-> 5 Price & Div  CDN$
Price High $0.00
Pre-split 15
Price Low $0.00
Price Close Pref Distributed #REF!
Pref. Shares and Yield
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
April 21, 2015.  Close of business on May 29, 2015 split effective June 1, 2015 company split into two companies of FirstService  Corp and Colliers.  
First Service Corp will be renamed Collier International Group Inc. (CIG) and First Service's Residential Real Estate Services and Property Serivices will be spun out into a new Company of First Service Corp. (FSV)
Notes:
February 8, 2026.  Last estimates were in US$ for $5476M, $5839M, $6135M for Revenue, $5.72, $6.19, $6.83 AEPS, $3.02, $3.83, $4.91 EPS, $1.09, $1.21, $1.33 Dividend, 
$227M, $272.6M, $319.6M FCF, $8.51, $9.14 2025/6 CFPS, $563M, $599.8M, $634.8M EBITDA, $331.2M, $376.1M, $424.4M EBIT, $30.01, $33.45, $37.34 BVPS, $138M, $177M, $226M Net Income.
November 8, 2025.  Last estimates were for 20024, 2025, 2026 in US$ of $5179M, $5555M, $5864M Revenue, $5.03, $5.63, $6.22 AEPS, $3.14, $3.64, $4.36 EPS, $0.99, $1.09, $1.21 Dividends,
 $217M, $272M 2024/5 FCF, $5.92, $7.93 2024/5 CFPS, $514.1M, $552.9M, $587.6M EBITDA, $26.21, $29.17, $33.06 BVPS, $142M, $165M, $198M Net Income.
November 10, 2024.  Last estimates were for 2023, 2024, 2025 of $4327M, $4534M, $4780M US$ Revenue, $4.72, $5.16, $5.75 US$ AESP, $2.79, $2.92, $3.47 US$ EPS, 
$0.88, $0.97, $1.03 US$ Dividend, $299M, $217M, $272M US$ FCF, $6.24, $6.84, $8.16 US$ CFPS, $416M, $441M, $484M US$ EBITDA, $23.30, $24.10 US$, 2023/4 BVPS, $125M, $131M, $156M US$ Net Income.
November 11, 2023.  Last estimates were for 2022, 2023 and 2024 of $3703M, $3977M and $4108M US$ for Revenue, $4.20, $4.75 and $5.00 US$ for AEPS, $2.64, $3.20 and $3.70 US$ for EPS, 
$0.87, $0.94 and $1.25 US$ for Dividends, $159M, $200M 2022/3 US$ for FCF, $5.51, $6.37 and $6.63 US$ for CFPS, $22.60, $24.10 and $25.90 US$ for BVPS, and $117M, $142M and $163M US$ for Net Income.
November 20, 2021.  Last estimates were for 2020, 2021 and 2022 of $2718M, $2932M and $3127M US$ for Revenue, $1.93, $2.21 and 2.53 US$ for EPS, 
$0.66, $0.73 and $0.80 US$ for Dividends, $163M, $136M and $160M US$ for FCF, $4.80 and $5.24 US$ for 2020-21 for CFPS and $83.5M , $96.5M and $110M US$ for Net Income.
December 6, 2020.  Last estimates were for 2019, and 2020  of $2400M and $2800M US$ for Revenue, $3.10, $3.36 and $3.79 US$ for EPS for 2019 to 2021, 
$4.21 US$ for CFPS for 2019 and $81.60M US$ for Net Income for 2019.
December 10, 2019.  Last estimates were for 2018, 2019 and 2020 of $2493M, $2716M and $2923M for Revenue CDN$, $2.54, $2.97 and $3.91 EPS CDN$, 
$5.29 and $5.57 for CFPS for 2018 and 2019 CDN$ and $90.1M, $108M and $143M for Net Income CDN$.
December 15, 2018.  Last estimates were for 2017, 2018 and 2019 of $2155M, $2327M and $2527M for Revenue , $1.84, $2.24 and $2.63 for EPS ,
 $3.86, $4.40 and $4.91 CFPS, $66.9M, $76.2M and $70.3M for Net Income all in CDN$.
December 16, 2017.  Last estimates were for 2016 and 2017 of $1466M and $1612M US$ for Revenue, $1.56, $1.80 and $2.11 US$ for EPS for 2016 to 2018, $2.37 and $2.95 for CFPS US$.
December 18, 2016.  Last estimates were for 2015, 2016 and 2017 of $1300M, $1400M and $1418M for Revenue US$, $1.20, $1.39 and $1.66 EPS US$, 
$2.37. $2.82 and $2.95 for CFPS US$ and $33.7M, $46.2M and $58.7M for Net Income US$
December 20, 2015.  Last estimates were for 2014, 2015 and 2016 of $2651M, $2902M and $3118M US$ for Revenue, Adjusted EPS of $2.55, $3.00 and $3.32 US$, 
EPS of $0.81, $1.02 and $1.20 US$, $ 4.16, $5.29 and $5.62 CFPS US$ and $29.9M, $40.9M and $58.1M for Net Income US$.
In June 2015, FirstSerice Corp annouced that the company was splitting into two companies, FirstSerice Corp and Colliers International with Symbol of TSX-CIGI and Nasdaq-CIGI.
December 13, 2014.  Last estimates were for 2013, 2014 and 2015 of $2367M, $2516M and $2587M US$ For Revenue, $1.88, $2.19 and $2.01 Adj EPS US$, $0.17 
and $0.60 EPS US$ fpr 2013 and 2014, $4.22, $5.70 and $4.61 CPFS US$.
Dec 8, 2013.  Last estimates were for 2012 and 2013 of $2289M and $2416M US$, Adj. EPS of $1.72 and $2.001 US$.
Dec 7, 2012.  Last estimates I got were for 2011 and 2012 at $2234M amd 2364M US$ for Revenue, Adjusted EPS $1.86 and $2.19US$ and $3.16 and $4.26 CFPS US$.
Dec 9, 2011.  Last estimates I got for 2010 and 2011 were EPS of $1.81 and $2.00US$.
Mar 2010 AR Dec 2009.  They provide an adjusted EPS of $1.42 US$.  This is earnings from continuing business.  Cannot figures out Book Value properly.
Mar 2009 AR Dec 2008.  I have an estimate of 1.08, but EPS came in at $1.41. I used 12 mths to Dec 08 figures from Globeinvestor, not annual report, which was for 9 mths.
AR Dec 2008.  The annual report date was changed but report just had 9 mths figures to Dec 2008.  I determined a last 12 month figure by using 9th figures plus Mar 2008 figure.  In some places I had to used
 Dec 2007  9 mth figure compared to March 2008 12 mth figure to get to the March 2008 Q figure.  I wanted a 12 mth figure.
May 2008.  I was looking at this as it has come down a lot over the last few months.  There is lots of insider buying.  Also, the company has instituted rebuying shares.  Has the market overreacted?
This is very possible.  The loss in EPS does not seem to call for such a large drop in price from $40 a share in July 2007 to $15 today. Or, is something else happening?  Does the market know 
something I cannot see? Usually heavy buying by a company and it excutives is a good sign.  I will hold for now. Also, even though the company said with the 2008 annual report that they would not be buying 
their stock, they have started to do so.  They stock has come down quite a bit from the time of the 2008 report.
AR2008.  Negative that they keep changing the value for Revenue.  They operate world wide, and US values are better than CDN, as our currency has increased a lot lately.
They have been hit by the problems in US, but TD feels that next year will be better.  They like their long term propects and have an action buy on this stock currently. I will hold for now.
2007.  This company has given out preferred shares, so now I get a dividend.
AR2006.  I haven't done well on this stock to date, but stock seems to have done well.
AR2005.  I haven't made much money on this stock IRR of 8.15, but I bought it at P/E of 21.4  Stock is back to where I bought it, basically, so no wonder I have made little money on it.  Paid too much. 
AP 2004.  Got it for a core stock.  Would be better if it had a dividend.  It is doing OK. 
Looks like a good company to buy.  The price is not unreasonable considering what the increase in EPS is.
1993.  IPO on Toronto Stock Exchange\
1989.  Founded by Jay S. Hennick
FSV.DB.U - Convertible Debentures
FSV.PR.U is Preferred Shares
Sector:
Real Estate
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock. 
I used to own this stock.
Why I bought and sold this stock.
I bought FirstService Corp in 2002 as it a good solid company that knows how to make money.  At that time I was still buying companies to earn capital gains. This one replaces Inco (which I had brought for CG and sold when I made them.)
I bought more of this company in 2007 from my profit from RIM. FSV was a non-dividend paying stock, but it had issued preferred shares to shareholders.
Their way of paying dividends by issuing preferred shares was interesting.  However, only if you held shares at the time of the special dividend of preferred shares would you get any dividends.
I bought FirstService Corp in 2002 as it looked like a good solid company that knows how to make money.
By 2010 the company was underperforming so I sold the stock and kept the preferred shares until the end of the year before selling them too.  Preferred shares are not by favorite why of getting dividends.
Actually, the stock is done quite well after I sold.  
I sold my shares in 2010 when cleaning up by portfolio.  I sold this company because it was such a small amount of my portfolio.
Dividends
Cycle1 dividends being paid in January, April, July and October.  They are declared in one month and payable in the following month. 
On May29, 2013, the company started paying dividends with the initial dividend being paid on July 10 2013 to shareholders of record of June 28, 2013.
On August 1, 2007, the Company issued a stock dividend in the form of 7% Cumulative Preference Shares, Series 1 (the “Preferred Shares”) to holders of Subordinate Voting Shares and Multiple Voting Shares.
One Preferred Share was issued for every five outstanding Common Shares. Each Preferred Share has a stated amount of $25.00. Preferred dividends are payable quarterly on or about the last day of each quarter. 
The Preferred Shares are redeemable for cash or convertible into Subordinate Voting Shares at the option of the Company at any time. 
On May 3, 2013, the Company eliminated all of its outstanding Preferred Shares, redeeming 30% for cash consideration of $39,232 and converting the remaining Preferred Shares into Subordinate Voting Shares. 
The Preferred Shares were converted to Subordinate Voting Shares based on 95% of the weighted average trading price of the Subordinate Voting Shares on the NASDAQ stock market for the 20 trading days ended April 29, 2013 
(such weighted average trading price being $33.34). As a result, 2,889,900 new Subordinate Voting Shares were issued from treasury.
How they make their money
FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands.  The company earns the 
majority of its revenue in the United States, with the remaining revenue generated in Canada.   
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2018 Dec 10 2019 Dec 6 2020 Nov 2021 Nov 2021 Nov 11 2023 Nov 10 2024 Nov 9 2025 Feb 8 2026
Patterson, D. Scott 2.46% 1.005 2.42% 1.005 2.31% 1.130 2.57% 1.205 2.73% 1.205 2.70% 1.233 2.72% 1.195 2.61% 1.195 2.61% was officer in 2014 0.00%
CEO - Shares - Amount $82.940 $121.526 $175.137 $280.983 $199.844 $258.709 $320.947 $255.129 $251.758 Last finling Aug 2025
Options - percentage 1.38% 0.500 1.20% 0.625 1.43% 0.650 1.48% 0.625 1.41% 0.600 1.34% 0.575 1.27% 0.525 1.15% 0.525 1.15% 0.00%
Options - amount $46.377 $60.445 $108.888 $161.590 $103.631 $128.790 $149.724 $112.061 $110.581
Rakusin, Jeremy 0.20% 0.124 0.30% 0.170 0.39% 0.199 0.45% 0.193 0.44% 0.206 0.46% 0.224 0.50% 0.254 0.56% 0.254 0.56% 0.00%
CFO - Shares - Amount $6.615 $14.942 $29.617 $49.372 $32.001 $44.239 $58.353 $54.216 $53.500
Options - percentage 0.69% 0.257 0.62% 0.245 0.56% 0.254 0.58% 0.318 0.72% 0.324 0.72% 0.329 0.73% 0.290 0.63% 0.290 0.63% 0.00%
Options - amount $23.423 $31.069 $42.684 $63.095 $52.728 $69.504 $85.616 $61.901 $61.083
Friedrichsen, John
CFO - Shares - Amount
Options - percentage
Options - amount
Cooke, Douglas G. 0.58% 0.208 0.50% 0.240 0.55% 0.260 0.59% 0.257 0.58% 0.261 0.58% 0.261 0.58% 0.261 0.57% 0.261 0.57% last filing Nov 2024 0.00%
Officer - Shares - Amount $19.606 $25.134 $41.885 $64.565 $42.582 $56.091 $68.018 $55.756 $55.020
Options - percentage 0.43% 0.173 0.42% 0.156 0.36% 0.162 0.37% 0.212 0.48% 0.225 0.50% 0.237 0.52% 0.195 0.43% 0.195 0.43% 0.00%
Options - amount $14.405 $20.854 $27.178 $40.348 $35.201 $48.253 $61.791 $41.580 $41.031
Offiicers not listed INK
Officer - Shares - Amount
Options - percentage
Options - amount
Officer - Shares - Amount
Options - percentage
Options - amount
Reichheld, Frederick R 0.021 0.05% 0.025 0.06% 0.035 0.08% 0.035 0.08% 0.00%
Director - Shares - Amount $4.486 $6.562 $7.428 $7.330
Options - percentage 0.041 0.09% 0.037 0.08% 0.027 0.06% 0.027 0.06% 0.00%
Options - amount $8.844 $9.582 $5.806 $5.729
Carducci, Elizabeth 0.000 0.00% 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.00%
Director - Shares - Amount $0.000 $0.260 $0.213 $0.211
Options - percentage 0.020 0.04% 0.019 0.04% 0.019 0.04% 0.019 0.04% 0.00%
Options - amount $4.293 $4.947 $4.056 $4.002
Bissada, Yousry 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.001 0.00% 0.00%
Director - Shares - Amount $0.091 $0.118 $0.169 $0.139 $0.137
Options - percentage 0.010 0.02% 0.010 0.02% 0.020 0.04% 0.020 0.04% 0.020 0.04% 0.00%
Options - amount $1.658 $2.147 $5.208 $4.269 $4.213
Grimshaw, Steven 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.002 0.00% 0.00%
Director - Shares - Amount $0.255 $0.331 $0.401 $0.329 $0.324
Options - percentage 0.018 0.04% 0.028 0.06% 0.028 0.06% 0.028 0.06% 0.028 0.06% 0.00%
Options - amount $2.985 $6.010 $7.291 $5.977 $5.898
Hennick, Jay Steward 4.23% 5.767 13.90% 4.943 11.34% 3.994 9.07% 3.694 8.35% 3.419 7.65% 2.895 6.40% 2.895 6.33% 2.775 6.07% S was CEO in 2014 -4.16%
Chairman - Subordinate Shares $142.674 $697.182 $861.208 $992.903 $612.499 $733.786 $753.939 $618.028 $584.482 S
Multiple Voting Shares 100.00% 0.000 #DIV/0! 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Chairman - Shares - Amount $124.20 $0.00 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Increase in O/S Shares 0.96% 0.194 0.54% 0.432 1.04% 0.294 0.68% 0.425 0.97% 0.213 0.48% 0.456 1.02% 0.586 1.31% 0.000 0.00%
due to SO $30.349 $18.185 $52.231 $51.262 $105.774 $35.394 $97.866 $125.837 $0.000
Book Value $6.666 $5.479 $13.481 $14.596 $27.396 $15.601 $42.788 $74.091 $0.000
Insider Buying -$0.057 -$0.054 -$37.230 -$0.486 -$0.606 -$190.200 -$5.916 $0.000 $0.000
Insider Selling $69.995 $4.463 $164.608 $242.329 $66.518 $105.994 $172.870 $117.202 $89.665 Since May 2015
Net Insider Selling $69.938 $4.408 $127.378 $241.843 $65.912 -$84.206 $166.954 $117.202 $89.665
% of Market Cap 2.07% 0.09% 1.68% 2.21% 0.90% -0.88% 1.42% 1.20% 0.93%
Directors 8 8 8 9 8 8 8 8
Women 25% 2 25% 2 25% 2 25% 3 33% 3 38% 3 38% 3 38% 3 38%
Minorities 0% 0 0% 0 0% 0 0% 1 11% 1 13% 1 13% 1 13% 1 13%
Institutions/Holdings 68.50% 20 94.22% 20 65.28% 20 69.73% 20 60.77% 20 56.58% 20 46.90% 20 51.97%
Total Shares Held 74.40% 41.050 94.18% 28.641 65.07% 30.816 69.68% 27.111 60.67% 25.524 56.38% 21.439 46.90% 23.758 51.97%
Increase/Decrease 5.25% 13.648 49.80% 0.294 1.04% -1.093 -3.42% -1.328 -4.67% -0.381 -1.47% 0.531 2.54% 0.500 2.15%
Starting No. of Shares 27.403 Top 20 MS 28.347 Top 20 MS 31.909 Top 20 MS 28.439 Top 20 MS 25.905 Top 20 MS 20.908 Top 20 MS 23.258 Top 20 MS
Dates
Proof for 5.0 factor
20 shares for each 100
Dealing with separation
of FSV and CIG TD US$ Yahoo US$
29 May 2015 $30.18 $17.58 $30.18 $17.35
Is a Friday -41.75% -42.5116%
1 June 2015 is a Monday,. $26.49 $15.77 $26.49 $15.23
-40.47% -42.5066%
$28.26 $18.60 $28.23 $16.23
-34.18% -42.5080%
$43.05 $28.36 $43.05 $24.95
-34.12% -42.0441%
Copyright © 2008 Website of SPBrunner. All rights reserved.
My stock
17/06/02 -$7,709.00 $19.27 400
02/07/02 -$3,903.00 $19.52 200
13/11/07 -$6,859.99 $34.30 200
13/04/10 $2,315.01 $23.09 800
13/04/10 $16,275.00
10/12/10 $2,943.73 <-Sale of  Preferred Shares
10/12/10 $0.00
2.60% XIRR 800
3.17%
0.57% 18.1%
% from $22,247.38 Total Value Gain
-$21,533.74 Less Sale of Stock
$0.00 Less Stock Value
18.90% $713.64 Dividends Paid 3.86%
$18,471.99 Cost of Stock
$18,590.01 Sale of Stock
81.10% $3,061.75 Capital Gains/Loss 16.58%
100.00% $3,775.39 Total Return 20.44%
Start Date 17-Jun-02 Shares 800
End date 10-Dec-10 Dividends pd per Share $0.89
Years 8.48 Div less cost -$22.20
Cost $23.09
% paid by div 3.86%
17/06/02 -$7,709.00 400
02/07/02 -$3,903.00 200
13/11/07 -$6,859.99 200
10/02/26 $168,504.00
10.58% XIRR
11.15%
0.57% 5.1%