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CI Financial (TSX:CIX) Enterprise Value : C$8,963 Mil (As of Jun. 25, 2025) ***


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What is CI Financial Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, CI Financial's Enterprise Value is C$8,963 Mil. CI Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was C$130 Mil. Therefore, CI Financial's EV-to-EBIT ratio for today is 69.06.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, CI Financial's Enterprise Value is C$8,963 Mil. CI Financial's EBITDA for the trailing twelve months (TTM) ended in Mar. 2025 was C$382 Mil. Therefore, CI Financial's EV-to-EBITDA ratio for today is 23.46.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, CI Financial's Enterprise Value is C$8,963 Mil. CI Financial's Revenue for the trailing twelve months (TTM) ended in Mar. 2025 was C$3,532 Mil. Therefore, CI Financial's EV-to-Revenue ratio for today is 2.54.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, CI Financial's Enterprise Value is C$8,963 Mil. CI Financial's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2025 was C$510 Mil. Therefore, CI Financial's EV-to-FCF ratio for today is 17.56.


CI Financial Enterprise Value Historical Data

The historical data trend for CI Financial's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CI Financial Enterprise Value Chart

CI Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,270.12 8,834.20 6,702.23 5,928.28 8,625.88

CI Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,449.45 5,976.27 6,557.95 8,625.88 8,900.89

Competitive Comparison of CI Financial's Enterprise Value

For the Asset Management subindustry, CI Financial's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CI Financial's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Financial's Enterprise Value distribution charts can be found below:

* The bar in red indicates where CI Financial's Enterprise Value falls into.


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CI Financial Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

CI Financial's Enterprise Value for the fiscal year that ended in Dec. 2024 is calculated as

CI Financial's Enterprise Value for the quarter that ended in Mar. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CI Financial  (TSX:CIX) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

CI Financial's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=8962.561/129.782
=69.06

CI Financial's current Enterprise Value is C$8,963 Mil.
CI Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$130 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

CI Financial's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=8962.561/381.983
=23.46

CI Financial's current Enterprise Value is C$8,963 Mil.
CI Financial's EBITDA for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$382 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

CI Financial's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=8962.561/3532.101
=2.54

CI Financial's current Enterprise Value is C$8,963 Mil.
CI Financial's Revenue for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3,532 Mil.

4. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

CI Financial's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=8962.561/510.456
=17.56

CI Financial's current Enterprise Value is C$8,963 Mil.
CI Financial's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$510 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CI Financial Enterprise Value Related Terms

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CI Financial Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a provider of asset- and wealth-management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135.4 billion in assets under management (including CAD 36.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of September. The firm also had CAD 350.7 billion in assets under advisement (including CAD 250.6 billion from its US wealth-management operations and CAD 100.1 billion from its Canadian wealth-management partners) and CAD 31.9 billion in custody assets.
Executives
Brigette Elizabeth Chang Director
Paul Perrow Director
William Thomas Holland Director
Yvette Zhang Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Hoi Sha Elsa Li Director or Senior Officer of 10% Security Holder
Jennifer Francine Sinopoli Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Manisha Burman Senior Officer
Darie Urbanky Senior Officer
Amarjit Kaur Anderson Senior Officer
Julie Lynn Silcox Senior Officer
Kurt Macalpine Director, Senior Officer
Christopher James Enright Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Sean Andrew Etherington Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marc-andre Lewis Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Amit Muni Senior Officer