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Canadian General Inv
(TSX:CGI)
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Rating:60Neutral
Price Target:
C$54.00
â–²(14.97% Upside)
Action:Downgraded
Date:03/21/26
The score is driven primarily by mixed financial performance: a strong balance sheet is offset by earnings volatility and a concerning shift to negative operating/free cash flow in 2025. Technicals are weak and weigh on the score, while the low P/E and dividend yield provide a meaningful valuation cushion.
Positive Factors
Balance-sheet strength
Modest leverage and meaningful growth in equity and assets from 2020–2025 provide durable financial flexibility. A conservatively levered balance sheet supports the ability to withstand market drawdowns, pursue opportunistic purchases, and avoid forced asset sales during stress, aiding long-term capital preservation.
Negative Factors
Cash-flow deterioration
A 2025 reversal to negative operating and free cash flow is a durable red flag for funding distributions and covering operating needs. Persistent weak cash conversion can force asset realizations or external funding, increasing liquidity risk and constraining capital allocation flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Modest leverage and meaningful growth in equity and assets from 2020–2025 provide durable financial flexibility. A conservatively levered balance sheet supports the ability to withstand market drawdowns, pursue opportunistic purchases, and avoid forced asset sales during stress, aiding long-term capital preservation.
Read all positive factors
Canadian General Inv (CGI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.07B
Dividend Yield2.31%
Average Volume (3M)3.04K
Price to Earnings (P/E)4.1
Beta (1Y)0.94
Revenue Growth-35.10%
EPS Growth-15.48%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)12.43
Shares Outstanding20,861,141
10 Day Avg. Volume2,138
30 Day Avg. Volume3,035
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.59
Price to Sales (P/S)10.48
P/FCF Ratio-84.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Canadian General Inv Business Overview & Revenue Model
Company Description
Canadian General Investments, Limited operates as a closed-end equity mutual fund, managed by Morgan Meighen & Associates Limited. The fund primarily directs its investments into Canada's public equity markets, strategically allocating capital acr...
How the Company Makes Money
CGI makes money primarily through investment returns generated by its portfolio holdings rather than by selling operating products or services. Its core economic sources are: (1) dividends and other distributions received from the equities and oth...
Canadian General Inv Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 94.04M | 144.90M | 95.61M | -235.72M | 97.96M |
| Gross Profit | 73.95M | 127.09M | 200.35M | 4.23M | 82.27M |
| EBITDA | 270.62M | 329.20M | 183.91M | 0.00 | 267.71M |
| Net Income | 259.13M | 306.57M | 174.15M | -254.39M | 254.79M |
Balance Sheet | |||||
| Total Assets | 1.89B | 1.65B | 1.34B | 1.16B | 1.47B |
| Cash, Cash Equivalents and Short-Term Investments | 1.88B | 1.65B | 1.34B | 1.15B | 1.46B |
| Total Debt | 200.00M | 200.00M | 175.00M | 149.90M | 174.68M |
| Total Liabilities | 202.32M | 202.55M | 177.65M | 151.54M | 185.22M |
| Stockholders Equity | 1.68B | 1.45B | 1.16B | 1.01B | 1.28B |
Cash Flow | |||||
| Free Cash Flow | -11.66M | 29.58M | 11.45M | 36.19M | 31.63M |
| Operating Cash Flow | -11.66M | 29.58M | 11.45M | 36.19M | 31.63M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -22.53M | -5.47M | -3.87M | -49.19M | -21.96M |
Canadian General Inv Technical Analysis
Neutral
46.97
Price Trends
52.03
Negative
50.50
Positive
48.46
Positive
Market Momentum
-0.03
Positive
44.18
Neutral
5.57
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CGI, the sentiment is Neutral. The current price of 46.97 is below the 20-day moving average (MA) of 51.96, below the 50-day MA of 52.03, and below the 200-day MA of 48.46, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 44.18 is Neutral, neither overbought nor oversold. The STOCH value of 5.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CGI.
Canadian General Inv Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$1.48B | 10.70 | 9.72% | 3.01% | 10.08% | 33.25% | |
74 Outperform | C$353.73M | 3.68 | 13.92% | 1.47% | -114.77% | 79.72% | |
74 Outperform | C$1.03B | 9.31 | 5.72% | 0.14% | -102.62% | -2.25% | |
72 Outperform | C$353.73M | 3.68 | 13.92% | 1.43% | -114.77% | 79.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | C$1.07B | 4.12 | 16.45% | 2.31% | -35.10% | -15.48% | |
60 Neutral | C$564.27M | 27.82 | 7.80% | 8.78% | -8.34% | -48.32% |
* Financial Sector Average
TSE:CGI
Canadian General Inv
51.20
11.70
29.60%
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TSE:AGF.B
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22.89
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TSE:CVG
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TSE:FSZ
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-18.70%
TSE:URB
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8.67
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31.84%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.