# E Split Corp. (ENS.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services. Price C$16.69, market value C$348 million.

## Valuation
- **P/E (trailing): 2.6×** (5-yr avg 3.5×, 3-yr avg 3.7×). E Split Corp. trades at 2.6× trailing earnings, well below its own five-year average of 3.5×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 4.3×**. Each dollar of revenue is priced at 4.3×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 25.3%** (5-yr avg -57.0%). Free cash flow equals 25.3% of the market value, above its five-year average of -57.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 39.2%**. The inverse of the P/E: 39.2% of the price is earned each year.

## Profitability
- **Gross margin: 100.0%**. E Split Corp. keeps 100.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 93.1%**. 93.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 99.9%**. 99.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.9%**. 15.9% on shareholders' equity is solid.
- **Return on assets: 9.8%**. Each dollar of assets produces 9.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 44.9%** (3-yr 28.3%/yr, 5-yr 64.5%/yr). Revenue grew 44.9% over the last year, against 64.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -59.4%** (3-yr 2.7%/yr). Earnings per share fell 59.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -10.7%/yr**. Free cash flow has compounded at -10.7% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: C$599 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 9.89%** (C$1.68 per share, trailing). E Split Corp. yields 9.89%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 60%** (40% of free cash flow). 60% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 20.3%**. Dividends plus net buybacks return 20.3% of the market value a year.

## Price and momentum
- **Total return (1 yr): 20.7%** (YTD 15.4%, 3-mo -11.1%). The shares are up 20.7% over twelve months including dividends.
- **From 52-week high: -15.5%** (18.7% above the low). Trading 15% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 37**. An RSI of 37 is neutral.
- **Beta (1 yr): 0.06** (volatility 20%). Beta of 0.06 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.