Canoe EIT Income Fund (EIT.UN) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 7.63%
• Average Volume (3M): 172.19K
• Price to Earnings (P/E): 5.0
• Beta (1Y): 0.54
• Revenue Growth: 158.45%
• EPS Growth: 38.65%
• Country: CA
• Employees: 98
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Income
• EPS (TTM): 0.95
• Shares Outstanding: 186,524,700
• 10 Day Avg. Volume: 210,798
• 30 Day Avg. Volume: 172,189
• PEG Ratio: 0.01
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 7.53
• P/FCF Ratio: 134.64
• 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$17.50 ▲(11.39% Upside)

The score is driven primarily by strong valuation (low P/E and high yield) and supportive technical momentum (price above key moving averages with positive MACD). These positives are tempered by financial-performance risk, especially weak and volatile cash flow relative to reported earnings.

Positive Factors

Conservatively Levered Balance Sheet

A low debt-to-equity ratio enhances financial stability and flexibility, allowing the fund to navigate market fluctuations effectively.

Strong Profitability

High profitability margins indicate efficient operations and strong returns on investments, supporting sustainable distributions to investors.

Revenue Rebound

Significant revenue growth suggests improved market conditions and investment performance, enhancing the fund's capacity for future distributions.

Negative Factors

Volatile Cash Flow

Negative and volatile cash flow can hinder the fund's ability to maintain consistent distributions, posing a risk to investor returns.

Uneven Revenue Trends

Inconsistent revenue trends may indicate underlying market or operational challenges, affecting long-term growth and stability.

Return of Capital

Returning capital to investors instead of income can erode the fund's asset base, potentially reducing future income-generating capacity.

Canoe EIT Income Fund Business Overview & Revenue Model

Company Description

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of mid-cap and large-cap companies. It invests in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers. The fund was formerly known as EnerVest Diversified Income Trust. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada.

How the Company Makes Money

Canoe EIT Income Fund generates revenue through a combination of dividend income, interest income, and capital gains from its diversified portfolio of investments. The fund invests in a variety of income-generating securities, such as stocks, bonds, and other financial instruments, with the objective of providing consistent monthly distributions to its investors. The management team strategically selects and manages these investments to optimize returns, while actively monitoring market conditions to mitigate risks. Additionally, management fees and performance fees contribute to the fund's earnings, which are charged based on the fund's assets under management and overall performance. Strategic partnerships with financial advisors and institutions help enhance distribution and investor engagement, further supporting the fund's revenue generation.

Canoe EIT Income Fund Financial Statement Overview

Summary

Canoe EIT Income Fund exhibits strong financial health with robust revenue and profit growth, supported by a solid balance sheet. The income statement and balance sheet are strengths, but cash flow management needs improvement to ensure sustainable growth and liquidity.

Income Statement

The company has demonstrated strong revenue growth, with a significant increase from the previous period. Gross profit and net profit margins are robust, indicating effective cost management and high profitability. However, the large fluctuations in EBIT and EBITDA margins suggest some instability in operational efficiency.

Balance Sheet

The balance sheet shows a strong equity base with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, reflecting conservative leverage. However, the fluctuating net debt levels could indicate varying liquidity positions over time, which may pose a risk.

Cash Flow

The operating cash flow has improved from a negative position to positive, indicating better cash management. However, free cash flow remains low, and cash flow to net income ratios suggest that not all profits are translating into cash, highlighting potential concerns in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	339.42M	360.02M	148.57M	215.74M	287.69M	94.74M
Gross Profit	321.68M	325.82M	148.57M	188.45M	267.18M	57.43M
EBITDA	397.93M	652.65M	1.73M	255.37M	575.86M	71.64M
Net Income	477.51M	637.59M	124.73M	255.37M	575.86M	59.57M
Balance Sheet
Total Assets	3.23B	3.09B	2.66B	2.51B	2.24B	1.55B
Cash, Cash Equivalents and Short-Term Investments	0.00	109.97M	14.77M	98.23M	145.48M	43.76M
Total Debt	132.59M	269.83M	95.99M	98.09M	91.64M	92.23M
Total Liabilities	320.66M	292.17M	338.30M	337.22M	327.44M	324.14M
Stockholders Equity	2.91B	2.80B	2.32B	2.17B	1.91B	1.23B
Cash Flow
Free Cash Flow	-32.22M	20.14M	-112.77M	-50.13M	-12.09M	-9.36M
Operating Cash Flow	-32.22M	20.14M	-112.77M	-50.13M	-12.09M	-9.36M
Investing Cash Flow	81.61M	0.00	-138.50M	-73.46M	-21.14M	-4.99M
Financing Cash Flow	-151.14M	-211.83M	27.59M	8.68M	115.42M	-115.90M

Canoe EIT Income Fund Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EIT.UN, the sentiment is Positive. The current price of 15.71 is above the 20-day moving average (MA) of 15.64, above the 50-day MA of 15.42, and above the 200-day MA of 14.89, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 58.23 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EIT.UN.

Canoe EIT Income Fund Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EIT.UN	73 Outperform	―	5.03	20.51%	7.63%	158.45%	38.65%
DIR.UN	72 Outperform	C$3.63B	14.79	5.27%	5.56%	7.31%	74.70%
SRU.UN	68 Neutral	C$4.41B	17.64	5.03%	7.22%	0.48%	96.32%
FCR.UN	68 Neutral	C$4.01B	16.26	6.18%	4.71%	-0.83%	-28.93%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CRR.UN	67 Neutral	C$2.86B	1,021.33	0.14%	5.82%	6.32%	―
CAR.UN	54 Neutral	C$5.73B	94.95	0.65%	4.20%	-6.51%	-81.28%

Canoe EIT Income Fund Corporate Events

Canoe EIT Income Fund Announces Estimated Special Non-Cash Distribution

Canoe Financial has announced an estimated special non-cash distribution of $0.42 per unit for Canoe EIT Income Fund, with a record date of December 31, 2025 and an effective payment date of January 15, 2026, separate from its regular cash distributions. The distribution, representing residual net income and realized capital gains required to be paid out before the fund’s year-end, will be reinvested in additional units that are immediately consolidated so that unitholders see no change in the number of units they hold but will have an increased adjusted cost base, with final taxable amounts for 2025 to be reported to brokers in early 2026.

Canoe EIT Income Fund Sets 2025 Redemption Price at $15.36 Per Unit

Canoe EIT Income Fund has announced the redemption price for its 2025 voluntary cash redemption at $15.36 per unit, which is 95% of the average net asset value per unit before the redemption date. This decision reflects the fund’s ongoing strategy to manage its assets effectively and provide value to its investors, with the redemption proceeds to be distributed by the end of December 2025.

Canoe EIT Income Fund Declares December 2025 Distribution

Canoe EIT Income Fund announced its December 2025 monthly distribution of $0.10 per unit, payable on January 15, 2026, to unitholders of record on December 22, 2025. This announcement reflects the fund’s ongoing strategy to provide consistent returns to its investors, though it is noted that the distribution may include a return of capital, which could impact the fund’s future income generation capabilities.

Canoe EIT Income Fund Reports 2025 Redemption Results

Canoe EIT Income Fund announced the results of its 2025 voluntary cash redemption, with unitholders requesting redemption of 29,929 units, representing about 0.02% of the total outstanding units. The redemption process is limited to 10% of the total units, and payments will be made by December 30, 2025, at a price based on the average net asset value. This announcement reflects the Fund’s operational procedures and impacts its financial management strategy, offering insights into its market positioning and stakeholder engagement.

Canoe EIT Income Fund Declares November 2025 Distributions

Canoe EIT Income Fund announced its November 2025 monthly distribution of $0.10 per unit and a quarterly distribution of $0.30 per unit for its preferred units. These distributions reflect the fund’s ongoing strategy to provide consistent returns to its unitholders, although investors are cautioned that the return of capital may affect the fund’s future income generation capabilities.

Canoe EIT Income Fund Announces 2025 Voluntary Cash Redemption

Canoe EIT Income Fund has announced its 2025 voluntary cash redemption, allowing unitholders to redeem units at 95% of the average net asset value before December 5, 2025. This move provides liquidity options for investors, although redemptions exceeding 10% of outstanding units will be processed on a pro-rata basis. The announcement highlights Canoe’s commitment to offering flexible investment solutions, potentially impacting stakeholder decisions and market positioning.

Canoe EIT Income Fund Declares October 2025 Distribution

Canoe EIT Income Fund announced its October 2025 monthly distribution of $0.10 per unit, payable to unitholders on November 14, 2025. This announcement reflects the fund’s ongoing strategy to provide regular income to its investors, although it includes a return of capital component which may affect the fund’s future income-generating potential.