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Canadian Life Companies Split Corp. Class A
(TSX:LFE)
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Rating:70Outperform
Price Target:
C$9.50
▲(24.84% Upside)
Action:Upgraded
Date:07/03/26
The score is supported most by attractive valuation (very low P/E and high dividend yield) and a strong uptrend with positive momentum. Offsetting this, financial performance is uneven: revenue is volatile, leverage is meaningful, and the latest year shows weaker and less predictable cash generation versus reported profitability.
Positive Factors
Split-share structural leverage
The split-share structure is a durable business feature that embeds leverage into Class A returns via preferred-share priority and residual NAV. Over a multi-month horizon this structural exposure can amplify equity upside from portfolio gains, supporting higher long-term returns for Class A holders when insurer equities perform.
Negative Factors
Meaningful leverage
Sustained debt-to-equity above 1x leaves the vehicle highly sensitive to declines in underlying asset values and changes in financing conditions. Over a 2–6 month horizon, elevated leverage magnifies NAV volatility, raises refinancing and covenant risk, and reduces financial flexibility during market stress, pressuring long-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Split-share structural leverage
The split-share structure is a durable business feature that embeds leverage into Class A returns via preferred-share priority and residual NAV. Over a multi-month horizon this structural exposure can amplify equity upside from portfolio gains, supporting higher long-term returns for Class A holders when insurer equities perform.
Read all positive factors
Canadian Life Companies Split Corp. Class A (LFE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$200.99M
Dividend Yield16.43%
Average Volume (3M)83.56K
Price to Earnings (P/E)5.3
Beta (1Y)1.23
Revenue Growth-49.30%
EPS Growth-54.15%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.74
Shares Outstanding21,752,390
10 Day Avg. Volume96,848
30 Day Avg. Volume83,557
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.70
Price to Sales (P/S)7.89
P/FCF Ratio16.62
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 Life Companies Split Corp. Class A Business Overview & Revenue Model
Company Description
Managed by Quadravest Capital Management Inc., Canadian Life Companies Split Corp. functions as a closed-ended equity mutual fund dedicated to investing in the public equity markets of Canada. Its strategy primarily involves targeting companies wi...
How the Company Makes Money
The company does not operate an operating business; it generates economic returns primarily from investment income and changes in the market value of its portfolio holdings. Key sources include: (1) Dividends received from the underlying life insu...
Canadian Life Companies Split Corp. Class A Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
52
Neutral
Cash Flow
45
Neutral
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.41M | 55.94M | 8.22M | 9.95M | 8.51M |
| Gross Profit | 8.68M | 54.77M | 6.77M | 8.52M | 6.91M |
| EBITDA | 30.82M | 54.19M | 21.29M | 3.22M | 27.18M |
| Net Income | 21.57M | 45.58M | 11.74M | 3.43M | 18.67M |
Balance Sheet | |||||
| Total Assets | 285.94M | 193.96M | 167.87M | 170.81M | 174.85M |
| Cash, Cash Equivalents and Short-Term Investments | 284.38M | 12.64M | 166.17M | 20.41M | 172.75M |
| Total Debt | 165.53M | 107.13M | 116.24M | 124.73M | 124.35M |
| Total Liabilities | 168.74M | 109.33M | 117.52M | 128.75M | 125.25M |
| Stockholders Equity | 117.20M | 84.63M | 50.35M | 42.07M | 49.60M |
Cash Flow | |||||
| Free Cash Flow | 4.94M | 31.77M | 10.05M | 20.02M | 25.65M |
| Operating Cash Flow | 4.94M | 31.77M | 10.05M | 20.02M | 25.65M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 62.77M | -28.00M | -21.53M | -10.43M | -21.38M |
Canadian Life Companies Split Corp. Class A Technical Analysis
Positive
7.61
Price Trends
7.92
Positive
7.37
Positive
6.84
Positive
Market Momentum
0.38
Negative
85.18
Negative
92.70
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LFE, the sentiment is Positive. The current price of 7.61 is below the 20-day moving average (MA) of 8.59, below the 50-day MA of 7.92, and above the 200-day MA of 6.84, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 85.18 is Negative, neither overbought nor oversold. The STOCH value of 92.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LFE.
Canadian Life Companies Split Corp. Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$16.10M | 1.65 | 49.20% | 1.96% | 3258.17% | 325.40% | |
70 Outperform | C$200.99M | 5.31 | 23.31% | 16.43% | -49.30% | -54.15% | |
70 Outperform | C$8.32M | 4.82 | 42.23% | 7.52% | -51.64% | -29.34% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$120.81M | ― | 9.94% | 17.81% | 109.66% | ― | |
| ― | C$29.54M | 2.97 | 46.99% | 8.54% | 226.71% | 115.90% | |
63 Neutral | C$63.23M | ― | 26.15% | 10.21% | 184.08% | -45.01% |
* Financial Sector Average
TSE:LFE
Canadian Life Companies Split Corp. Class A
9.24
4.02
77.11%
TSE:ELC
Elysee Development
0.57
0.22
63.32%
TSE:PDV
Prime Dividend Cl A
15.51
7.79
100.78%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
10.40
1.70
19.51%
TSE:BNK
Big Banc Split
18.37
6.57
55.63%
TSE:PWI
Sustainable Power & Infrastructure Split
12.66
4.26
50.64%
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.