Added to YB: 2024-04-23
Pitch date: 2024-04-08
EFN.TO [bullish]
Element Fleet Management Corp.
+66.02%
current return
Author Info
No bio for this author
Company Info
Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand.
Market Cap
CAD 8.1B
Pitch Price
CAD 21.50
Price Target
31.00 (-13%)
Dividend
1.83%
EV/EBITDA
N/A
P/E
21.16
EV/Sales
N/A
Sector
Commercial Services and Supplies
Category
growth
RBC Capital Markets Investment Thesis: Element Fleet Management Corp.
EFN.TO: Largest N.A. fleet manager, expect mid-teens EPS CAGR & $31 PT. Attractive industry w/ high barriers, low churn, strong FCF. Catalysts: origination volumes, wins, capital returns. 18x 2025E EPS of $1.72 warranted by growth, scale, low credit risk. Risks: OEM delays, client/personnel losses.
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