E Split Corp. Class A (TSE:ENS)
TSX:ENS
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E Split Corp. Class A
(TSX:ENS)
Select Model
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Rating:68Neutral
Price Target:
C$20.00
▲(42.25% Upside)
Action:ReiteratedDate:03/30/26
The score is driven primarily by mixed financial performance: strong profitability rebound and a reasonably supported balance sheet are offset by highly volatile revenue and inconsistent cash generation. Technicals are supportive with a clear uptrend, though momentum appears stretched. Valuation is a positive contributor with a low P/E and high dividend yield.
Positive Factors
Business model / split-share structure
The split-share structure creates durable cash-flow priority rules (preferred distributions first, Class A residuals) and aligns the vehicle to capture dividends and capital gains from an underlying equity portfolio. This legal/structural design supports predictable payout mechanics and investor segmentation over the medium term.
Negative Factors
Revenue volatility
Large swings in portfolio-driven revenue reflect dependence on market moves and make cash flows unpredictable. For a split-share vehicle that funds distributions from investment returns, this volatility undermines reliable payout planning and complicates capital allocation over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model / split-share structure
The split-share structure creates durable cash-flow priority rules (preferred distributions first, Class A residuals) and aligns the vehicle to capture dividends and capital gains from an underlying equity portfolio. This legal/structural design supports predictable payout mechanics and investor segmentation over the medium term.
Read all positive factors
E Split Corp. Class A (ENS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend Yield10.28%
Average Volume (3M)26.39K
Price to Earnings (P/E)5.8
Beta (1Y)0.61
Revenue Growth79.75%
EPS Growth1175.93%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)1.86
Shares Outstanding22,252,466
10 Day Avg. Volume39,005
30 Day Avg. Volume26,392
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.93
Price to Sales (P/S)5.82
P/FCF Ratio27.09
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 Split Corp. Class A Business Overview & Revenue Model
Company Description
Real Estate & E-Commerce Split Corp. is a balanced mutual fund launched by Middlefield Limited. The fund is managed by Middlefield Capital Corporation. Real Estate & E-Commerce Split Corp. Real Estate & E-Commerce Split Corp. was formed on October...
How the Company Makes Money
ENS’s economics are driven by the returns generated by its underlying investment portfolio and the structural features of a split share corporation. The company generally generates cash from (1) dividends and other distributions received from the ...
E Split Corp. Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 173.81M | 58.57M | 40.43M | -10.40M | 27.75M | 41.64M |
| Gross Profit | 173.81M | 53.14M | 35.70M | -13.71M | 23.90M | 39.38M |
| EBITDA | 0.00 | 74.21M | 167.74M | -416.35K | 49.96M | -438.31K |
| Net Income | 151.30M | 58.51M | 151.06M | -27.28M | 40.98M | 34.88M |
Balance Sheet | ||||||
| Total Assets | 574.90M | 599.00M | 634.01M | 458.08M | 417.76M | 403.66M |
| Cash, Cash Equivalents and Short-Term Investments | 10.10M | 598.80M | 633.87M | 457.96M | 417.75M | 403.65M |
| Total Debt | 224.25M | 224.25M | 245.74M | 215.64M | 171.03M | 171.03M |
| Total Liabilities | 231.30M | 231.45M | 253.63M | 222.55M | 175.75M | 175.67M |
| Stockholders Equity | 343.60M | 367.55M | 380.38M | 235.53M | 242.01M | 227.99M |
Cash Flow | ||||||
| Free Cash Flow | 90.49M | 12.60M | 15.50M | -59.24M | 17.71M | -232.24M |
| Operating Cash Flow | 90.49M | 12.60M | 15.50M | -59.24M | 17.71M | -232.24M |
| Investing Cash Flow | 0.00 | 75.56M | -39.20M | -72.28M | 4.06M | -241.05M |
| Financing Cash Flow | -93.42M | -93.11M | 24.26M | 65.99M | -26.96M | 249.23M |
E Split Corp. Class A Technical Analysis
Positive
14.06
Price Trends
16.40
Positive
15.58
Positive
14.76
Positive
Market Momentum
0.47
Negative
70.63
Negative
82.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ENS, the sentiment is Positive. The current price of 14.06 is below the 20-day moving average (MA) of 17.61, below the 50-day MA of 16.40, and below the 200-day MA of 14.76, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 70.63 is Negative, neither overbought nor oversold. The STOCH value of 82.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ENS.
E Split Corp. Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ― | 5.83 | 49.71% | 10.28% | 79.75% | 1175.93% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ― | 0.98 | ― | 16.19% | 50.39% | 80.72% | |
59 Neutral | ― | 1.85 | 51.41% | 8.06% | 19.17% | 544.30% | |
54 Neutral | ― | 3.81 | 61.60% | 16.43% | -0.82% | 149.20% | |
53 Neutral | ― | 4.22 | 200.00% | ― | 2201.59% | ― |
* Financial Sector Average
TSE:ENS
E Split Corp. Class A
18.20
5.30
41.10%
TSE:LFE
Canadian Life Companies Split Corp. Class A
6.88
1.80
35.30%
TSE:ESP
Brompton Oil Splt A
7.88
3.08
64.30%
TSE:SBC
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10.68
4.90
84.78%
TSE:XMF.A
M Split Corp. 14 Cap
0.90
0.35
63.64%
TSE:DF
Dividend 15 Split II
7.39
2.83
62.06%
E Split Corp. Class A Corporate Events
Dividends
E Split Corp. Declares March 2026 Distributions for Class A and Preferred Shares
Positive
Mar 24, 2026
E Split Corp. has declared a cash distribution of $0.14 per Class A equity share for March 2026, payable on April 15, 2026, to shareholders of record as of March 31, 2026. The fund also announced a first-quarter 2026 distribution of $0.175 per pre...
Business Operations and StrategyDividends
E Split Corp. Lifts Class A Monthly Distribution on Enbridge-Backed Fund
Positive
Feb 20, 2026
E Split Corp. has announced a 7.7% increase in its monthly distribution for Class A shares, raising the payout from $0.13 to $0.14 per share, with the new rate applying to shareholders of record on February 28, 2026 and payable on March 13, 2026. ...
Dividends
E Split Corp. Declares January 2026 Distribution for Class A Shares
Positive
Jan 23, 2026
E Split Corp. announced that it will pay a cash distribution of $0.13 per Class A equity share for January 2026, with a record date of January 31, 2026 and a payment date of February 13, 2026. The announcement reinforces the fund’s ongoing m...
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.