EXCHANGE INCOME CORPORATION chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 44.49
Dividend & Yield2.52C$ (5.62%)
Beta 2.28
Market capitalization 1.95B
Operating cash flow 237.77M
ESG Scores unknown

Company description

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia. It also provides after-market aircraft, engines, and component parts to regional airline operators; designs, modifies, maintains, and operates custom sensor-equipped aircraft; and offers maritime surveillance and support services in Canada, the Caribbean, and the Middle East. In addition, this segment provides pilot flight training services. The Manufacturing segment manufactures window wall systems primarily used in high-rise multi-family residential projects; stainless steel tanks, vessels, and processing equipment; heavy-duty pressure washing and steam systems, commercial water recycling systems, and custom tanks for the transportation of various products, primarily oil, gasoline, and water products; precision parts and components primarily used in the aerospace, defense, healthcare, and security sectors; electrical and control systems integrator focused on the agricultural material handling; and precision sheet metal and tubular products. This segment also focuses on the engineering, design, manufacture, and construction of communication infrastructure, as well as wireless and wireline construction and maintenance services; and provision of technical services. Exchange Income Corporation is headquartered in Winnipeg, Canada.

Sector: Industrials - Industry: Airlines

Financial Ratios
Quick Ratio0.94
Working Capital0.3
Return On Equity0.09
Debt To Equity1.38
Fixed Asset Ratio0.09
Fixed Interest Cover2.75

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 1.68M 17.02M -9.79M 61.59M
Total Cashflows From Investing Activities -206.97M -323.78M -196.28M -357.94M
Net Borrowings 100.7M 74.64M 53.12M 65.64M
Total Cash From Financing Activities 10.49M 88.86M -15.15M 79.42M
Change To Operating Activities -3.46M 2M 3.51M -10.92M
Issuance Of Stock 8.71M 86.16M 11.74M 99.17M
Net Income 70.77M 83.64M 28.05M 68.59M
Change In Cash -29.34M -20.91M 47.81M 5.55M
Effect Of Exchange Rate 2.48M -3.23M -739k -980k
Total Cash From Operating Activities 164.64M 217.24M 259.97M 285.05M
Depreciation 137M 169.4M 181.63M 184.31M
Change To Account Receivables -28.42M -48.18M 52.91M -8.76M
Other Cashflows From Financing Activities 3M 3M
Change To Netincome 11.8M 8.63M 10.62M 9.32M
Capital Expenditures -186.72M -250.56M -141.65M -274.42M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 88.8M 105.85M 43M 94.26M
Net Income 70.77M 83.64M 28.05M 68.59M
Selling General Administrative 183M 204.17M 172.14M 190.96M
Gross Profit 460.76M 532.98M 456.68M 520.84M
Ebit 139.58M 158.79M 101.69M 143.5M
Operating Income 139.58M 158.79M 101.69M 143.5M
Interest Expense -51.71M -58.52M -50.93M -52.2M
Income Tax Expense 18.03M 22.21M 14.95M 25.68M
Total Revenue 1.2B 1.34B 1.15B 1.41B
Cost Of Revenue 742.63M 808.39M 692.95M 892.31M
Total Other Income ExpenseNet -50.78M -52.94M -58.69M -49.23M
Net Income From Continuing Ops 70.77M 83.64M 28.05M 68.59M
Net Income Applicable To Common Shares 70.77M 83.64M 28.05M 68.59M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.34B 1.54B 1.61B 1.79B
Total Stockholder Equity 617.25M 729.84M 685.95M 800.27M
Other Current Liabilities 38.7M 46.55M 58.22M 88.3M
Total Assets 1.96B 2.27B 2.29B 2.59B
Common Stock 588.5M 709.55M 731.34M 852.82M
Other Current Assets
Retained Earnings -58.54M -51.47M -103.43M -120.23M
Treasury Stock 77.6M 61.93M 48.2M 54.64M
Cash 42.97M 22.05M 69.86M 75.41M
Total Current Liabilities 239.14M 280.33M 295.33M 475.35M
Other Stockholder Equity 77.6M 61.93M 48.2M 54.64M
Property, Plant, and Equipment 877.69M 1.07B 1.04B 1.15B
Total Current Assets 540.28M 588.24M 618.96M 700.46M
Net Tangible Assets 152M 205.42M 126.58M 132.74M
Net Receivables 247.49M 310.12M 285.26M 329.47M
Accounts Payable 199.26M 209.87M 213.98M 267.15M


Insider Transactions

Here are the insider transactions of stock shares related to EXCHANGE INCOME CORPORATION:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Craik (Polly)Acquisition or disposition in the public market at price 29.90 per share.I2022-09-30Director of Issuer200
Wowryk (Richard)Acquisition or disposition in the public market at price 31.47 per share.I2022-09-28Senior Officer of Issuer25
Wowryk (Richard)Acquisition or disposition in the public market at price 31.47 per share.I2022-09-28Senior Officer of Issuer275
Wowryk (Richard)Acquisition or disposition under a prospectus at price 37.09 per share.I2022-09-02Senior Officer of Issuer1k
Jessiman (Duncan Draper)Acquisition or disposition in the public market at price 36.38 per share.I2022-08-22Director of Issuer350
Wowryk (Richard)I2022-07-06Senior Officer of Issuer400
Wowryk (Richard)I2022-07-06Senior Officer of Issuer400
Terwin, AdamAcquisition or disposition in the public market at price 32.51 per share.I2022-06-30Senior Officer of Issuer10k
Wowryk (Richard)Acquisition or disposition in the public market at price 31.69 per share.I2022-06-16Senior Officer of Issuer250
Wowryk (Richard)Acquisition or disposition in the public market at price 34.48 per share.I2022-05-13Senior Officer of Issuer93
Jack (Bruce William James)D2022-05-11Director of Issuer
Wowryk (Richard)Acquisition or disposition in the public market at price 32.53 per share.I2022-03-18Senior Officer of Issuer150
Craik (Polly)Acquisition or disposition in the public market at price 32.08 per share.I2022-02-28Director of Issuer100
Wowryk (Richard)Acquisition or disposition under a purchase/ownership plan at price 31.75 per share.I2021-12-31Senior Officer of Issuer82
Terwin, AdamAcquisition or disposition under a purchase/ownership plan at price 31.75 per share.I2021-12-31Senior Officer of Issuer1.37k
Streuber (Donald)Acquisition or disposition under a purchase/ownership plan at price 31.75 per share.I2021-12-31Director of Issuer2.76k
Filmon (Gary)Acquisition or disposition under a purchase/ownership plan at price 31.75 per share.D2021-12-31Director of Issuer1.17k
Streuber (Donald)Acquisition or disposition under a purchase/ownership plan at price 31.75 per share.I2021-12-31Director of Issuer9.54k
Streuber (Donald)Acquisition or disposition under a purchase/ownership plan at price 31.75 per share.D2021-12-31Director of Issuer2.42k
Sparrow, DarwinAcquisition or disposition under a purchase/ownership plan at price 31.75 per share.I2021-12-31Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)147
Spencer, DianneAcquisition or disposition under a purchase/ownership plan at price 31.75 per share.I2021-12-31Senior Officer of Issuer47
Sparrow, DarwinGrant of options at price 33.34 per share.D2021-11-30Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)23.48k
Craik (Polly)Acquisition or disposition in the public market at price 31.90 per share.I2021-11-30Director of Issuer150
Pyle (Michael)Grant of options at price 33.34 per share.D2021-11-30Director of Issuer117.37k
Pyle (Michael)Acquisition or disposition in the public market at price 33.27 per share.D2021-11-30Director of Issuer117.37k
Sparrow, DarwinAcquisition or disposition in the public market at price 33.27 per share.D2021-11-30Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)23.48k
Wowryk (Richard)Acquisition or disposition in the public market at price 36.48 per share.I2021-11-16Senior Officer of Issuer150

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to EXCHANGE INCOME CORPORATION. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on EXCHANGE INCOME CORPORATION

Here is the result of two systematic investment strategies applied to EXCHANGE INCOME CORPORATION. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on EXCHANGE INCOME CORPORATION

The following chart shows the equity curve of the two systematic investment strategies applied to EXCHANGE INCOME CORPORATION:

EXCHANGE INCOME CORPORATION automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 23.26% on the backtest period.

Performance at glance

Performance

23.26 %

Latent gain

363.58 C$

Invested capital

1563.25 C$

Annualized return

5.62 %
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Momentum strategy results on EXCHANGE INCOME CORPORATION

This is the result of two momentum investment strategies applied to EXCHANGE INCOME CORPORATION. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on EXCHANGE INCOME CORPORATION

The following chart shows all the entries opened by the momentum investment system on EXCHANGE INCOME CORPORATION:

EXCHANGE INCOME CORPORATION momentum entries
  • The first momentum investment strategy would give 25.64% of return on EXCHANGE INCOME CORPORATION. That represents 1618.47C$ of latent gain with 6312.9C$ of employed capital.
  • The second momentum investment strategy would give 22.98% of return on EXCHANGE INCOME CORPORATION. That represents 988.05C$ of latent gain with 4299.53C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

25.64 %

Latent gain

1618.47 C$

Invested capital

6312.9 C$

Annualized return

5.19 %
Performance at glance (2Q Momentum)

Performance

22.98 %

Latent gain

988.05 C$

Invested capital

4299.53 C$

Annualized return

6.28 %

Momentum equity curve on EXCHANGE INCOME CORPORATION

The following chart shows the equity curve of the two momentum strategies applied to EXCHANGE INCOME CORPORATION:

EXCHANGE INCOME CORPORATION momentum equity

Note: the dividends potentially given by EXCHANGE INCOME CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on EXCHANGE INCOME CORPORATION

The following chart shows the employed capital evolution of the two momentum strategies on EXCHANGE INCOME CORPORATION since the beginning:

EXCHANGE INCOME CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on EXCHANGE INCOME CORPORATION

Buy the dip entry openings on EXCHANGE INCOME CORPORATION

EXCHANGE INCOME CORPORATION

The performance achieved by the robo-advisor on EXCHANGE INCOME CORPORATION is 11.11%. That represents 26.88$ of latent gain with 241.98C$ of employed capital. The following chart shows EXCHANGE INCOME CORPORATION stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of EXCHANGE INCOME CORPORATION, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

11.11 %

Latent gain

26.88 C$

Invested capital

241.98 C$

Annualized return

5.19 %

Equity curve of the strategy applied to EXCHANGE INCOME CORPORATION

The following chart shows the result of the investment strategy applied to EXCHANGE INCOME CORPORATION:

EXCHANGE INCOME CORPORATION

Note: the dividends potentially given by EXCHANGE INCOME CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on EXCHANGE INCOME CORPORATION

The following chart shows the employed capital evolution since the beginning of the investment strategy on EXCHANGE INCOME CORPORATION:

EXCHANGE INCOME CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on EXCHANGE INCOME CORPORATION

In this section, I will compare the three previous investment strategies applied to EXCHANGE INCOME CORPORATION.

Equity curve comparison on EXCHANGE INCOME CORPORATION

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

EXCHANGE INCOME CORPORATION investment strategy comparison

Employed capital comparison on EXCHANGE INCOME CORPORATION

EXCHANGE INCOME CORPORATION investment comparison

Performance comparison on EXCHANGE INCOME CORPORATION

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 23.26% 363.58C$ 1563.25C$ 5.62%
Momentum 1 quarter 25.64% 1618.47C$ 6312.9C$ 6.57%
Momentum 2 quarters 22.98% 988.05C$ 4299.53C$ 6.28%
Non-directional 11.11% 26.88C$ 241.98C$ 5.19%
Annualized return comparison

Automatic investment

5.62 %

Momentum 1Q

6.28 %

Momentum 2Q

6.28 %

Non-directional

5.19 %

Correlated stocks

Here are the most positively and negatively correlated stocks with EXCHANGE INCOME CORPORATION:

Positive correlations

Most correlated stocks this year

  • EXCHANGE INCOME CORPORATION

  • Most correlated stocks last 3 months

  • Healthcare Services Group Inc
  • Enlivex Therapeutics Ltd
  • Ponce Financial Group Inc
  • EXCHANGE INCOME CORPORATION

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between EXCHANGE INCOME CORPORATION and the other stocks. There may be false positives or some missing correlated stocks. If the price of EXCHANGE INCOME CORPORATION does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name EXCHANGE INCOME CORPORATION
    Country Canada
    City Winnipeg
    Address 101-990 Lorimer Boulevard
    Phone 204 982 1857
    Website www.exchangeincomecorp.ca
    FullTime employees
    Industry Airlines
    Sector Industrials
    Exchange XTSE
    Ticker EIF.XTSE
    Market

    EXCHANGE INCOME CORPORATION ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown