E-L Financial Corp. (TSE:ELF)
TSX:ELF
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E-L Financial
(TSX:ELF)
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Rating:70Outperform
Price Target:
C$18.50
â–²(11.71% Upside)
Action:Reiterated
Date:05/19/26
The score is primarily supported by strong financial performance (high profitability and low leverage). Technicals add moderate support with an improving longer-term trend and positive MACD, while the overall score is held back by a high P/E multiple and noted revenue/cash-conversion volatility.
Positive Factors
Balance-sheet conservatism
Very low leverage gives durable financial flexibility: it reduces insolvency risk, supports holding-company capital allocation across insurance and investments, and permits dividend or opportunistic deployment of capital during market dislocations without forcing asset sales.
Negative Factors
Top-line volatility
Significant revenue swings reduce predictability of earnings and planning. For an insurer/holding company, uneven top-line trends complicate underwriting and investment assumptions, making multi-period budgeting and capital allocation less reliable during 2–6 month horizons and beyond.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet conservatism
Very low leverage gives durable financial flexibility: it reduces insolvency risk, supports holding-company capital allocation across insurance and investments, and permits dividend or opportunistic deployment of capital during market dislocations without forcing asset sales.
Read all positive factors
E-L Financial (ELF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.89B
Dividend Yield892.19%
Average Volume (3M)29.60K
Price to Earnings (P/E)44.0
Beta (1Y)1.09
Revenue Growth5.93%
EPS Growth7.86%
CountryCA
Employees1,236
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)3.44
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
null...
E-L Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.22B | 1.77B | 3.35B | 3.00B | -1.18B | 2.32B |
| Gross Profit | 1.64B | 1.77B | 2.14B | 1.42B | -758.24M | 1.61B |
| EBITDA | 1.57B | 1.65B | 2.12B | 1.32B | -525.74M | 1.56B |
| Net Income | 1.19B | 1.23B | 1.57B | 955.28M | -331.44M | 1.17B |
Balance Sheet | ||||||
| Total Assets | 29.47B | 29.96B | 28.12B | 25.76B | 23.49B | 26.79B |
| Cash, Cash Equivalents and Short-Term Investments | 468.37M | 564.40M | 374.25M | 445.82M | 2.04B | 2.60B |
| Total Debt | 599.65M | 599.57M | 598.87M | 733.37M | 702.91M | 602.16M |
| Total Liabilities | 19.27B | 19.31B | 18.38B | 17.50B | 15.75B | 18.20B |
| Stockholders Equity | 8.72B | 9.07B | 8.47B | 7.11B | 6.71B | 7.32B |
Cash Flow | ||||||
| Free Cash Flow | 401.26M | 387.31M | 459.55M | 736.01M | 380.95M | 344.42M |
| Operating Cash Flow | 401.26M | 387.31M | 459.55M | 736.01M | 397.83M | 348.10M |
| Investing Cash Flow | 75.25M | 295.19M | -76.82M | -386.56M | -437.24M | 202.91M |
| Financing Cash Flow | -338.39M | -491.51M | -450.18M | -211.54M | -293.75M | -319.12M |
E-L Financial Technical Analysis
Positive
16.56
Price Trends
16.56
Positive
16.36
Positive
15.71
Positive
Market Momentum
0.14
Positive
48.46
Neutral
21.61
Neutral
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 below the 20-day moving average (MA) of 17.12, above the 50-day MA of 16.56, and above the 200-day MA of 15.71, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 21.61 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | C$18.05B | 13.67 | 13.19% | 3.59% | 17.16% | 22.85% | |
80 Outperform | C$70.28B | 11.83 | 15.17% | 3.62% | 4.22% | 13.75% | |
72 Outperform | C$86.72B | 16.83 | 12.65% | 3.49% | 15.84% | 31.26% | |
71 Outperform | C$54.85B | 22.52 | 12.98% | 4.11% | -10.77% | -1.88% | |
71 Outperform | C$50.30B | 27.57 | 10.81% | 3.28% | 19.07% | -3.74% | |
70 Outperform | C$5.89B | 43.97 | 14.46% | 892.19% | 5.93% | 7.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
TSE:ELF
E-L Financial
16.92
2.05
13.75%
TSE:MFC
Manulife Financial
52.06
10.61
25.61%
TSE:SLF
Sun Life Financial
98.41
14.50
17.28%
TSE:IGM
IGM Financial
77.47
35.10
82.85%
TSE:GWO
Great-West Lifeco
78.15
27.99
55.79%
TSE:POW
Power Corp of Canada
80.65
31.22
63.16%
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.