E-L Financial Corp. (TSE:ELF)
TSX:ELF
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E-L Financial
(TSX:ELF)
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Rating:73Outperform
Price Target:
C$19.50
â–²(17.75% Upside)
Action:ReiteratedDate:03/12/26
The score is supported primarily by strong financial strength (low leverage, solid ROE) and very attractive valuation (low P/E and high dividend yield). This is tempered by meaningful earnings/cash-flow volatility and currently weaker technical momentum (negative MACD, sub-neutral RSI, and price below short-term moving averages).
Positive Factors
Conservative balance sheet
Low leverage and a sizeable equity base (~9.1B in 2025) provide durable financial flexibility. This conservatism cushions underwriting and market shocks, supports regulatory capital requirements and dividend capacity, and reduces bankruptcy risk across multi-month horizons.
Negative Factors
Revenue and earnings volatility
Large year-to-year swings in revenue and earnings reflect structural exposure to market and underwriting cycles. This volatility reduces predictability of profits and cash available for long-term investment and dividends, complicating multi-quarter planning and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a sizeable equity base (~9.1B in 2025) provide durable financial flexibility. This conservatism cushions underwriting and market shocks, supports regulatory capital requirements and dividend capacity, and reduces bankruptcy risk across multi-month horizons.
Read all positive factors
E-L Financial (ELF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.04B
Dividend Yield892.19%
Average Volume (3M)29.60K
Price to Earnings (P/E)6.6
Beta (1Y)1.08
Revenue Growth-9.41%
EPS Growth-20.50%
CountryCA
Employees1,236
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)3.59
Shares Outstanding346,101,600
10 Day Avg. Volume21,106
30 Day Avg. Volume29,601
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.61
Price to Sales (P/S)3.14
P/FCF Ratio14.32
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
E-L Financial Business Overview & Revenue Model
Company Description
E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates through two segments, E-L Corporate and Empire Life. The company owns investments in equities and fixed income securities directly and...
How the Company Makes Money
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E-L Financial Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.77B | 3.35B | 3.00B | -1.18B | 2.32B |
| Gross Profit | 1.77B | 2.14B | 1.42B | -758.24M | 1.61B |
| EBITDA | 1.65B | 2.12B | 1.32B | -525.74M | 1.56B |
| Net Income | 1.23B | 1.57B | 955.28M | -331.44M | 1.17B |
Balance Sheet | |||||
| Total Assets | 29.96B | 28.12B | 25.76B | 23.49B | 26.79B |
| Cash, Cash Equivalents and Short-Term Investments | 564.40M | 374.25M | 445.82M | 2.04B | 2.60B |
| Total Debt | 599.57M | 598.87M | 733.37M | 702.91M | 602.16M |
| Total Liabilities | 19.31B | 18.38B | 17.50B | 15.75B | 18.20B |
| Stockholders Equity | 9.07B | 8.47B | 7.11B | 6.71B | 7.32B |
Cash Flow | |||||
| Free Cash Flow | 387.31M | 459.55M | 736.01M | 380.95M | 344.42M |
| Operating Cash Flow | 387.31M | 459.55M | 736.01M | 397.83M | 348.10M |
| Investing Cash Flow | 295.19M | -76.82M | -386.56M | -437.24M | 202.91M |
| Financing Cash Flow | -491.51M | -450.18M | -211.54M | -293.75M | -319.12M |
E-L Financial Technical Analysis
Positive
16.56
Price Trends
16.16
Positive
16.04
Positive
15.41
Positive
Market Momentum
0.27
Negative
71.51
Negative
94.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ELF, the sentiment is Positive. The current price of 16.56 is above the 20-day moving average (MA) of 16.28, above the 50-day MA of 16.16, and above the 200-day MA of 15.41, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 71.51 is Negative, neither overbought nor oversold. The STOCH value of 94.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ELF.
E-L Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$55.13B | 15.02 | 14.68% | 4.11% | 1.37% | 17.16% | |
73 Outperform | C$6.04B | 6.56 | 14.46% | 892.19% | -9.41% | -20.50% | |
72 Outperform | C$91.35B | 13.43 | 11.34% | 3.49% | 13.21% | 8.02% | |
72 Outperform | C$65.86B | 14.06 | 13.98% | 3.62% | 18.88% | 2.62% | |
71 Outperform | C$17.91B | 11.28 | 13.03% | 3.59% | 18.39% | 18.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$48.78B | 27.57 | 10.81% | 3.28% | 19.07% | -3.74% |
* Financial Sector Average
TSE:ELF
E-L Financial
17.52
4.42
33.77%
TSE:MFC
Manulife Financial
54.06
12.33
29.56%
TSE:SLF
Sun Life Financial
94.79
14.74
18.42%
TSE:IGM
IGM Financial
75.91
33.46
78.81%
TSE:GWO
Great-West Lifeco
76.36
26.68
53.72%
TSE:POW
Power Corp of Canada
78.82
29.50
59.83%
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.