Canadian General Inv (CGI) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 2.31%
• Average Volume (3M): 3.04K
• Price to Earnings (P/E): 5.5
• Beta (1Y): 0.89
• Revenue Growth: -54.55%
• EPS Growth: 13.99%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.58
• Shares Outstanding: 20,861,141
• 10 Day Avg. Volume: 2,138
• 30 Day Avg. Volume: 3,035
• PEG Ratio: 0.04
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 5.83
• P/FCF Ratio: 28.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: C$53.00 ▲(12.84% Upside)

The score is driven primarily by solid financial resilience (notably conservative leverage) but tempered by volatile revenue/earnings and uneven cash flow quality. Valuation is a key positive with a very low P/E and a moderate yield, while technicals show a constructive uptrend. Recent corporate updates add incremental support via NAV gains and leverage reduction.

Positive Factors

Strong Financial Health

A strong balance sheet with no debt enhances financial stability and flexibility, allowing the company to invest in growth opportunities without the burden of interest expenses.

Robust Cash Flow

Healthy cash flow generation supports reinvestment and dividend distribution, reinforcing the company's ability to sustain operations and reward shareholders over the long term.

Quarterly Dividend Commitment

Consistent dividend payments reflect a commitment to shareholder returns and can attract income-focused investors, supporting long-term investor confidence and stock stability.

Negative Factors

Decline in NAV and Share Price

Declining NAV and share price performance relative to benchmarks can indicate challenges in asset management and may affect investor perception and confidence in the company's growth prospects.

Underperformance Relative to Index

Underperformance compared to the index suggests competitive challenges and may lead to investor concerns about the company's ability to generate returns comparable to broader market opportunities.

Increased Leverage

Increased leverage can heighten financial risk, potentially impacting the company's ability to manage downturns and maintain financial health, especially in volatile market conditions.

Canadian General Inv Business Overview & Revenue Model

Company Description

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization. The fund employs fundamental analysis with a bottom-up stock picking approach focusing on timely recognition of capital gains and appropriate income generating instruments to create its portfolio. It benchmarks the performance of its portfolio against the S&P/TSX Composite Index. Canadian General Investments, Limited was formed on January 15, 1930 and is domiciled in Ontario, Canada.

How the Company Makes Money

Canadian General Investments generates revenue primarily through the appreciation of the investments it holds in its portfolio and the income generated from these investments. Capital gains realized from the sale of securities contribute significantly to the company's earnings. Additionally, CGI earns dividend income from the stocks within its portfolio. The company may also engage in strategic partnerships or leverage financial instruments to enhance returns, although the core revenue model remains centered around investment management and portfolio appreciation.

Canadian General Inv Financial Statement Overview

Summary

Balance sheet strength stands out (low debt-to-equity and growing equity), but operating results are volatile: sharp revenue drop in 2024 and a loss year (2022) suggest market-driven swings. Cash flow is positive recently but uneven and occasionally diverges from earnings quality.

Income Statement

Profitability is strong in the most recent years, with very high gross profit and sizable net income in 2023–2024, and return levels that appear attractive for an asset manager. However, results are volatile: revenue fell sharply in 2024 (down ~46.5% YoY), 2022 shows a revenue reversal with losses, and margins swing meaningfully year-to-year—suggesting earnings are influenced by market/valuation moves rather than a stable fee-like trajectory.

Balance Sheet

Leverage looks conservative, with debt-to-equity staying low (roughly ~0.07–0.15 across the period) and equity building over time, supporting financial flexibility. Returns on equity are generally healthy in profitable years, but the 2022 loss drove a negative return on equity, highlighting that book value can be exposed to investment performance volatility.

Cash Flow

Cash generation is positive in most years and improved materially in 2024 versus 2023, but free cash flow growth was down sharply in 2024 and cash flow has been uneven historically (including a notably negative operating/free cash flow year in 2019). Also, the relationship between cash flow and earnings is inconsistent—2023 shows very low operating cash flow relative to net income—raising some quality-of-earnings questions despite stronger 2024 conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	102.60M	144.90M	95.61M	-235.72M	97.96M	54.29M
Gross Profit	93.32M	127.09M	200.35M	4.23M	82.27M	42.70M
EBITDA	160.53M	329.20M	0.00	0.00	0.00	0.00
Net Income	185.85M	306.57M	174.15M	-254.39M	254.79M	289.44M
Balance Sheet
Total Assets	1.67B	1.65B	1.34B	1.16B	1.47B	1.22B
Cash, Cash Equivalents and Short-Term Investments	34.96M	1.65B	1.34B	1.15B	1.46B	1.22B
Total Debt	200.00M	200.00M	175.00M	149.90M	174.68M	173.71M
Total Liabilities	202.17M	202.55M	177.65M	151.54M	185.22M	176.33M
Stockholders Equity	1.47B	1.45B	1.16B	1.01B	1.28B	1.04B
Cash Flow
Free Cash Flow	-2.67M	29.58M	11.45M	36.19M	31.63M	7.37M
Operating Cash Flow	-2.67M	29.58M	11.45M	36.19M	31.63M	7.37M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	3.30M	-5.47M	-3.87M	-49.19M	-21.96M	-21.48M

Canadian General Inv Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 46.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CGI, the sentiment is Positive. The current price of 46.97 is below the 20-day moving average (MA) of 49.09, below the 50-day MA of 48.37, and above the 200-day MA of 43.12, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 56.56 is Neutral, neither overbought nor oversold. The STOCH value of 90.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CGI.

Canadian General Inv Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
URB.A	82 Outperform	C$358.97M	3.68	20.07%	1.47%	-73.34%	40.59%
URB	81 Outperform	C$358.97M	3.97	20.24%	1.43%	-73.34%	40.59%
AGF.B	79 Outperform	C$1.24B	9.62	9.85%	3.01%	11.23%	30.44%
CGI	73 Outperform	―	5.50	13.41%	2.31%	-54.55%	13.99%
CVG	71 Outperform	C$971.20M	13.69	0.32%	0.14%	-44.78%	-95.84%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FSZ	62 Neutral	C$623.74M	20.21	11.26%	8.78%	-0.88%	-52.30%

Canadian General Inv Corporate Events

Canadian General Investments Posts 18.1% NAV Return, Lags S&P/TSX but Delivers Strong Share Price Gain in 2025

Canadian General Investments reported an unaudited net asset value per share of $80.66 as of December 31, 2025, translating into a 12-month NAV return of 18.1% with dividends reinvested, trailing the S&P/TSX Composite Index’s 31.7% total return over the same period. The company’s leverage, used via bank borrowing to enhance returns, declined to 11.9% of net assets from 13.8% a year earlier, while its common shares closed the year at $47.25 for a 19.9% total shareholder return; the portfolio remains heavily weighted to information technology and industrials, with its top ten holdings accounting for over a third of assets, underscoring a focused yet diversified stance that shapes performance relative to the broader Canadian market.

The most recent analyst rating on (TSE:CGI) stock is a Buy with a C$53.00 price target. To see the full list of analyst forecasts on Canadian General Inv stock, see the TSE:CGI Stock Forecast page.

Canadian General Investments Reports NAV and Portfolio Update

Canadian General Investments reported an unaudited net asset value per share of $80.73 as of November 30, 2025, with year-to-date and 12-month NAV returns of 18.2% and 13.9%, respectively. Despite these returns, they lag behind the benchmark S&P/TSX Composite Index. The company has reduced its leverage to 11.9% of net assets, and its share price closed at $45.50, reflecting a 15.4% year-to-date return. The announcement highlights CGI’s strategic sector allocations and top investments, which are crucial for stakeholders to assess the company’s market positioning and investment strategy.

Canadian General Investments Declares Capital Gains Dividend

Canadian General Investments, Limited has declared a quarterly capital gains dividend of $0.27 per share, payable on December 15, 2025, to common shareholders of record as of November 28, 2025. This strategic move allows CGI to recover taxes on realized capital gains, benefiting from its status as an investment corporation for Canadian income tax purposes, and exempts non-residents from Canadian withholding tax.