# Element Fleet Management Corp. (EFN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Industrials / Commercial Services & Supplies. Price C$26.35, market value C$10.4 billion.

## Valuation
- **P/E (trailing): 25.6×** (5-yr avg 28.5×, 3-yr avg 35.1×). Element Fleet Management Corp. trades at 25.6× trailing earnings, close to its own five-year average of 28.5×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 11.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 2.8×**. The shares trade at 2.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.6×**. Enterprise value is 10.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 11.2%** (5-yr avg 3.6%). Free cash flow equals 11.2% of the market value, above its five-year average of 3.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 3.9%**. The inverse of the P/E: 3.9% of the price is earned each year.

## Profitability
- **Gross margin: 31.6%**. Element Fleet Management Corp. keeps 31.6% of revenue after the direct cost of what it sells.
- **Operating margin: 31.4%**. 31.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 12.6%**. 12.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.5%**. 10.5% on shareholders' equity is solid.
- **Return on invested capital: 3.3%**. Return on all capital, debt included, is 3.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.1%**. Each dollar of assets produces 2.1% of profit.

## Growth
- **Revenue growth (1 yr): 2.5%** (3-yr 15.6%/yr, 5-yr 5.5%/yr). Revenue grew 2.5% over the last year, against 5.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -25.3%** (3-yr -10.5%/yr, 5-yr 10.0%/yr). Earnings per share fell 25.3%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 3.64**. Debt is 3.64 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 5.9×**. It would take 5.9 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 4.05** (quick 4.05). Current assets cover the next year's liabilities 4.05 times.
- **Altman Z-score: 1.80**. A Z-score of 1.80 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 2.28%** (C$0.60 per share, trailing). Element Fleet Management Corp. yields 2.28%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 53%** (20% of free cash flow). 53% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 21.1%/yr** (1-yr 6.1%). The dividend has compounded at 21.1% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 5.5%**. Dividends plus net buybacks return 5.5% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover Element Fleet Management Corp.; the consensus is buy, with an average price target of C$40.00 (+52% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -26.8%** (YTD -26.2%, 3-mo -1.1%). The shares are down 26.8% over twelve months including dividends.
- **From 52-week high: -31.1%** (4.1% above the low). Trading 31% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.67** (volatility 27%). Beta of 0.67 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=EFN.TO · Page: https://foliofundamentals.com/stocks/efn.to

Not investment advice.