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CI Financial (TSX:CIX) ROE % : -267.15% (As of Dec. 2024)


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What is CI Financial ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. CI Financial's annualized net income for the quarter that ended in Dec. 2024 was C$-1,622 Mil. CI Financial's average Total Stockholders Equity over the quarter that ended in Dec. 2024 was C$607 Mil. Therefore, CI Financial's annualized ROE % for the quarter that ended in Dec. 2024 was -267.15%.

The historical rank and industry rank for CI Financial's ROE % or its related term are showing as below:

TSX:CIX' s ROE % Range Over the Past 10 Years
Min: -57.21   Med: 29.22   Max: 37.05
Current: -50.4

During the past 13 years, CI Financial's highest ROE % was 37.05%. The lowest was -57.21%. And the median was 29.22%.

TSX:CIX's ROE % is ranked worse than
96.08% of 1659 companies
in the Asset Management industry
Industry Median: 7.96 vs TSX:CIX: -50.40

CI Financial ROE % Historical Data

The historical data trend for CI Financial's ROE % 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 ROE % Chart

CI Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.94 25.82 18.74 0.38 -57.21

CI Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROE % 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 -22.37 -64.89 76.88 -12.52 -267.15

Competitive Comparison of CI Financial's ROE %

For the Asset Management subindustry, CI Financial's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the Asset Management Industry

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

* The bar in red indicates where CI Financial's ROE % falls into.



CI Financial ROE % Calculation

CI Financial's annualized ROE % for the fiscal year that ended in Dec. 2024 is calculated as

ROE %=Net Income (A: Dec. 2024 )/( (Total Stockholders Equity (A: Dec. 2023 )+Total Stockholders Equity (A: Dec. 2024 ))/ count )
=-411.049/( (1027.762+409.17)/ 2 )
=-411.049/718.466
=-57.21 %

CI Financial's annualized ROE % for the quarter that ended in Dec. 2024 is calculated as

ROE %=Net Income (Q: Dec. 2024 )/( (Total Stockholders Equity (Q: Sep. 2024 )+Total Stockholders Equity (Q: Dec. 2024 ))/ count )
=-1621.684/( (804.906+409.17)/ 2 )
=-1621.684/607.038
=-267.15 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2024) net income data. ROE % is displayed in the 30-year financial page.


CI Financial  (TSX:CIX) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-1621.684/607.038
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1621.684 / 3668.336)*(3668.336 / 10546.3215)*(10546.3215 / 607.038)
=Net Margin %*Asset Turnover*Equity Multiplier
=-44.21 %*0.3478*17.3734
=ROA %*Equity Multiplier
=-15.38 %*17.3734
=-267.15 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-1621.684/607.038
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-1621.684 / -1475.728) * (-1475.728 / 437.504) * (437.504 / 3668.336) * (3668.336 / 10546.3215) * (10546.3215 / 607.038)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0989 * -3.3731 * 11.93 % * 0.3478 * 17.3734
=-267.15 %

Note: The net income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


CI Financial ROE % Related Terms

Thank you for viewing the detailed overview of CI Financial's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


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
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
William Thomas Holland Director
Brigette Elizabeth Chang Director
Darie Urbanky Senior Officer
Amarjit Kaur Anderson Senior Officer
Julie Lynn Silcox Senior Officer
Amit Muni Senior Officer
Kurt Macalpine Director, Senior Officer
Marc-andre Lewis Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Edward Douglas Kelterborn Senior Officer
Sean Andrew Etherington Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher James Enright Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

CI Financial Headlines